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How to Save Retirement Plan in PPR

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[Music] hey welcome back to the your financial ekg youtube page my name is drew blackston im a certified retirement counselor investment advisor representative and i am your virtual financial advisor helping you get to retirement helping you get through retirement and protecting your ability to stay in retirement now i want to answer a question that i got this week it was a very unique question it was this hey drew im 35 years old i have 50 000 saved for retirement in my 401k how can i save more for retirement and i thought this was a great question because most of the time im dealing with individuals in their 40s their 50s their 60s and 70s i dont deal with a lot of 20 and 30 year olds not that i dont want to but a lot of them dont docHub out maybe dont watch the channel whatever it might be so i thought this was a great moment to help someone whos my age im 35 years old and the generations behind me people that are younger because honestly you dont have to have a lot of mon

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Is a retirement savings plan the same as a 401k?

A 401(k) is an employer-sponsored retirement savings plan that offers docHub tax benefits while helping you plan for the future.

What is the best account to save for retirement?

An IRA is a good first choice An IRA is an Individual Retirement Account that you open in your own name. Like a 401(k), savings grow tax-deferred, which means you dont pay income taxes on the earnings as long as the money is in the account.

What type of account is best to save for retirement?

An IRA is a good first choice An IRA is an Individual Retirement Account that you open in your own name. Like a 401(k), savings grow tax-deferred, which means you dont pay income taxes on the earnings as long as the money is in the account.

What is the smartest way to save for retirement?

The best way to save for retirement is in a retirement savings account. Were not trying to be cheeky. There are lots of different types of investment accounts, but retirement accounts like IRAs and 401(k)s were created specifically to give people incentives to save for retirement.

What is retirement saving plan?

The Retirement Savings Plan allows you to save a portion of your salary, on a tax-advantaged basis, up to the annual limit set by the Internal Revenue Service (IRS).

What is the most tax efficient way to save for retirement?

Putting your money into a pension plan is one of the most tax efficient ways to save for the kind of life you want in the future. You normally get tax relief on the payments you make into a pension plan which are invested so they have the potential to grow and help you build up your pension savings.

Where should I put my money for retirement?

The 9 best retirement plans: Defined contribution plans. IRA plans. Solo 401(k) plan. Traditional pensions. Guaranteed income annuities (GIAs) The Federal Thrift Savings Plan. Cash-balance plans. Cash-value life insurance plan.

What is a PPR investment?

PPR Funds are retirement oriented investment funds and are managed by a mangement society in a transparent way, following a set investment policy. The invested capital is not guaranteed.

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