Retirement isn’t something that we think of often when we’re young, but with employee pension plans and hefty Social Security payments now becoming a thing of the past, it has to be. No matter your age, it’s never too early to consider what the best retirement plans might be for you and to get started on putting away your pennies for old age.
There are many types of retirement plans to choose from and each has its distinct advantages and disadvantages.
Just as there are many types of workers, it’s important to find the type of plan that’s specifically suited to your needs, so that you can make smart investment choices and have enough money to live comfortably on when you retire.
We’ve compared six of the best income funds available in the US and what these savings vehicles comprise of.
By understanding who they best suit, the pros and cons they offer, and how you can start one for yourself, you’ll be fully prepared for old age and ready to retire with enough money to enjoy your golden years comfortably.
If you’d like to see a graphical breakdown of the retirement plans, we got you covered: