Retirement Planning
February 20th 2019

Find the Best Retirement Plan for You

Saving for retirement seems like a straightforward goal. Yet nearly 50% of people wishes they were saving more. Part of the challenge is knowing where to keep it. Learn about some of your options, and the rules to consider.

Saving for retirement seems like a relatively straightforward goal: You know you’ll need money later — so you should save for it now, right? Yet nearly 50% of the population wishes they were saving more!

Part of saving money is knowing where to keep it – and there are many options (and rules) to consider.

Howard Hook weighed in on the Solo 401(k). Here’s what he had to say:

If you’re self-employed and you have no employees, typically the Solo 401(k) makes sense from a financial perspective because you can save dollar for dollar, whereas with a SEP it’s a percentage of your salary. A Solo 401(k) does involve more paperwork, but it’s not drastic.

This article, published on Magnifymoney.com, provides some guidance about the different plans available.

Read the entire article here: Find the Best Retirement Plan for You

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