Types of Retirement Investments in Marysville CA to Consider

by | Mar 11, 2016 | Finance And Investment


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Retirement is supposed to be a joyous time when people who have worked their entire life can relax and finally truly enjoy life. However, if they have not made the proper financial plans, the opposite can be true. For those who are wondering what type of retirement investments in Marysville CA area they should make, they should consider the options here. Knowing what is available will help a person determine what they need to do to be ready to retire when the time arrives.

Use the Employer 401(k)

If a person is working for an employer, who offers them a retirement plan, such as a 401(k) and they are willing to match the contributions made to a certain percent, be sure to the full amount of this free money. Not doing this is equivalent to not picking up a $20 that is found on the street.

Open Up an IRA

An IRW will provide additional savings. There are several types of investments that can be in the IRA, which include bonds, stocks, ETFs, mutual funds and many of these will likely cost less than what is offered through an employer plan. Also, if a person, has a Roth IRA for saving money, they will not be subjected to taxes during retirement, which is something that is not offered by very many employer plans.

Max Out Employer Plan Contributions

Once a person has saved up to the match for their employer plan and also maxed their IRA, return to the employer plan. The set limit for employee contributions in this plan is $18,000 and for those who are over the age of 50, $24,000. For those who have more money to invest this is where they should put it next.

When it comes to Retirement Investments in Marysville CA, there are more than a few options to consider. The one that is right for one person, may not be right for another. When it comes to Retirement Investments, this is something that should be taken seriously. This will help that the person is ready for retirement and that they have the money they need to live comfortably during this period of time.
For more information, Contact Ryan Wealth Management.

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