One of the most common questions I get as an advisor is “What retirement account(s) should I contribute to?”
Walking into a candy store as a kid with a couple dollars was overwhelming. So many options from candy bars to suckers, to gummy candy, to the candy only our parents ate, and even the gumbo jawbreaker. You know nobody made it to the center of those things! Candy can sound so simple, but it can mean something different for each person. Retirement accounts can be the same way. Some retirement accounts can sound the exact same but can be different based on the type of work your company is in. Very similar to flavors of candy, although they may look just like the other candy in the bag.
Most people have a workplace retirement plan and either have IRA’s or have heard they need them. In this episode, I go over the history of how people used to contribute to retirement, and also the progression of what accounts you should be contributing to.
- Do you have a workplace retirement plan?
- If so, do you have a match?
- Do you have a Roth option through your plan?
- Have you thought about a Roth IRA?
- Or, is your income too high and need a different option?
- Do you plan to retire before normal retirement age?
These are all questions that I answer in this episode! As always, if you have any questions about this episode, please don’t hesitate to reach out.
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