How to Utilize Money after Retirement?

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2. How to Utilize Money after Retirement? Retirement Plans From middle-class families to higher income ones, retirement plans are a vital part of everyone’s financial decisions. It is a mean through which every individual secures his/her future from the strides of old age. Pension Plans or Retirement Plans these days come with several schemes and options. However, there are a few factors that you should evaluate before choosing such plans.

3. Individual Retirement Accounts or IRAs The IRA is the most essential of all tax sheltered retirement plans. Not only is it the simplest plan to set up and manage, but it’s also available to virtually anyone who has earned income. It also works as something of a destination account, as virtually all other retirement plans can be rolled over into one. Significance of Equities • Equities have significance w.r.t. involving higher value to your portfolio. This is also feasible through Unit Linked Insurance Plans (ULIP) which provides you a dual benefit • A life insurance risk cover • An opportunity to maximize your wealth through investment in various market instruments such as stocks, bonds and funds.

4. Traditional IRA This is the most common type of IRA. It enables you to contribute up to $5,500 per year into the plan, and to deduct that contribution from your income. Your IRA grows on a tax deferred basis, and will not become taxable until you begin taking distributions from the plan.

5. Contact us 10655 Six Pines Ste 100 The Woodlands, TX 77380 Office: (281) 354-7861 Fax: (281) 298-1182 info@woodlandssecurities.com