Episode 212: The Basics of Retirement Savings

Not all retirement accounts are created equal. So, when you save for retirement, it’s important to know that you have the right account and plan for you. On today’s podcast, we will talk about the different kinds of accounts such as 401(k)s, IRAs, Roth accounts, and others. Spoiler alert: David shares one account that’s even better than a Roth IRA!

Here’s what you’ll learn on today’s show:

• Not all retirement accounts are created equal. (1:15)
• The foundation of most people’s retirement plans is the 401(k). (2:45)
• The IRA is used mostly by people who don’t have a 401(k) or 403(b). (7:17)
• Using the Roth option for your IRA or 401(k). (9:43)
• A simple IRA are a good option for those who are self-employed. (13:03)
• HSAs and FSAs may also be a part of your retirement savings plan. (14:40)
• The most popular retirement-related products. (20:36)

 

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.