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.
Advisory Services offered through Oregon Pacific Financial Advisors, Inc. Securities offered through United Planners Financial Services of America, Member FINRA / SIPC. Oregon Pacific Financial Advisors, Inc., and United Planners Financial Services are independent companies.