Facts About Retirement Planning & Retirement Distribution
Автор: Financial Planning Explained
Загружено: 2021-01-12
Просмотров: 229
Описание:
In this episode of Financial Planning Explained, Michael Menninger focuses on the importance of retirement planning. He says retirement planning takes on two phases: accumulation of assets and distribution of assets. He explains the various contribution plans like 401k, 403b, 457, SEP IRA, and SIMPLE IRA and how you can attain benefits from these plans.
Michael further explains how pension plans dropped off and you do not require paying taxes while the money grows. However, once you take out the money, it becomes a taxable income. In this way, you can make a contribution to the pension plans with a minimal tax payment. He also talks about the pension plan and how it works with an example to demonstrate its applicability, in which he states that the pension plan works as a benefit plan.
Learn more by contacting Menninger and Associates: https://maaplanning.com/contact-us
#cfp #retirementplanning #distribution
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