Episode 32: How to Build an Efficient Retirement Plan
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Are you a business owner or a plan sponsor that’s looking to set up a retirement plan?
In this episode of Life By Design Podcast, Royal Standley dives deep into the different retirement plan options and shares the key features of each.
In this episode, you will learn:
- The three types of 401(k)s and how they each work
- The difference between a defined contribution and a defined benefit plan
- The benefits of having a 401(k) with a profit-sharing option
- Why IRAs are an incentive for younger people
- And more!
Tune in to hear the considerations you should make when choosing a retirement plan.
Discussions in this show are for educational purposes only. The information presented should not be considered specific investment advice or a recommendation to take any particular course of action. Always consult with a financial professional regarding your personal situation before making financial decisions. The views and opinions expressed are based on current economic and market conditions and are subject to change. All investing involves risk, including the potential for loss of principal. Securities and Advisory Services offered through United Planners Financial Services, Member FINRA, SIPC. Oregon Pacific Financial Advisors and United Planners are not affiliated. United Planners and its representatives do not offer tax or legal advice.