What's the Best Savings Accounts for Retirement?

Jack Dugan, a Certified Financial Planner™ for Pure Financial Advisors, Inc. in San Diego and Orange County, explains strategic options on how to choose the best savings accounts for retirement.

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IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor.
• Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with their tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.

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Closed Caption:

by i'm Jack didn't certified financial
planner
and senior investment advisor for pure
financial advisors
in San Diego California welcome to
question other week dosh
today's question other week is what's
the best savings plan for my retirement
well most of us are familiar with the
traditional employer-sponsored
tax-deferred account the typical 401 K
for 03 be4 57 and the like
these are simple plans in grey plans to
get started for saving for your
retirement
and if you're fortunate enough to have
an employer to provide some sort of a
company match
you want to make sure that you take full
advantage of that benefit
do not walk away from free money one
other concerns however with these
accounts
is they are tax-deferred mean when it
comes time
to pull money out for retirement all the
distributions are gonna come to us
a hundred percent of that is going to be
taxable income to us for most of us
that maybe 25 percent are higher
a substantial cut in our savings another
account that you might want to consider
is the ROP account now the rock account
we don't get any benefit for putting
money into the roth account
however that money stays in there and it
grows tax-free
so when we pull money out in retirement
a hundred percent of those distributions
comes to us with no taxes whatsoever a
third account
and probably the one most overlooked by
most is what's known as
a I call on an investment account or
a non-qualified account the benefit of
this account again no benefit going in
because I've already paid taxes on that
money on that savings
however I only get taxed on the gains
insight about account
and the gains are taxed at the capital
gains rate for most of us
that's going to be fifteen percent so if
I can utilize
all three of these plans I can increase
the life span of my retirement savings
and
provide the most tax efficient income
stream during retirement
i'm Jack dugan and I hope you enjoyed
the question other week douche