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Top 3 Retirement Planning Services

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It’s never too late to start thinking about retirement planning. It’s important to know that when you’re no longer working, you’ll be all right financially. Relying on Social Security benefits may not be sufficient if you run into any issues after you retire. For example, unexpected medical expenses that are not covered by insurance or Medicare can eat into your benefits. It’s best to have a cushion and get your money working for you now, so you won’t have to work for it later. Read on to learn more about the three leading retirement planning services that can help you work toward a generous nest egg.

Top 3 Retirement Planning Services:

  • Fidelity Investments
  • The Vanguard Group
  • TD Ameritrade

Fidelity Investments

Fidelity Investments provides financial and investment services to businesses and individuals. There you’re able to look into stocks, trading, mutual funds, college savings, cash management accounts, and more. When you’re ready to save for your future, Fidelity Investments have one-on-one financial experts available to work with you on your retirement accounts. An IRA is an individual retirement account, similar to a savings account except with tax breaks, that stores money away for you until you retire. Fidelity offers three types of IRA’s. The first is a Rollover IRA. For those who currently have a 401K and want to it to rollover into an IRA account. If you would like a professional or a team to manage your rollover investments, you can do so for a fee. The second type of retirement account is a Roth IRA. You contribute funds to money that you’ve already paid taxes on, in-turn your money grows tax-free. If you decide to open the third type, a Traditional IRA, you’ll be able to make contributions that qualify for deductions on your tax return.

Highlights:

  • Work one-on-one with a professional financial advisor
  • Choose a Rollover, Roth, or Traditional IRA
  • Option of a team to manage your funds

The Vanguard Group

Whether you’re all right handling your retirement plans on your own or you need a little advice, The Vanguard Group can be your partner in planning for your future. You’ll want to know how much money you’ll need for your home, medical expenses, and other debts. At The Vanguard Group, you can use their interactive online tools and calculators to decide how much savings you’ll need when you retire. With their savings tool, Vanguard helps you keep track of your plan and helps you manage your goals. If you need a 401K rollover, Roth IRA, or Traditional IRA, you can count on The Vanguard Group. For over the past 10 years, their mutual funds and exchange-traded fund (ETF) have been extremely competitive in the market and have performed at an above average level. The Vanguard Group also supports business owners who care about their employee’s retirement with comprehensive IRA and pension plans.

Highlights:

  • Use tools to see if you have enough for retirement
  • Take advantage of the Rollover, Roth, and Traditional IRA’s
  • Vanguard funds have performed well in the market

TD Ameritrade

TD Ameritrade offers a wide selection of flexible retirement products for individuals and companies looking to help with your future needs. The pricing is straightforward and when you first open an account, you can have commission-free trading for 60 days. In addition, you can earn up to $600 depending on your deposit amount. For individuals, you can choose to invest in a Traditional, Roth, or Rollover IRA. As a business owner looking after your employees, you should consider either a SEP IRA, Simple IRA, or Solo 401K. Your company can also setup a Pension or Profit Plan which is generally used for companies or self-employed individuals. These plans are tax exempt and required no minimum for deposit. If you utilize TD Ameritrade for your retirement account, you’ll have access to educational materials, such as interactive courses and webcasts, and virtual trading tools.

Highlights:

  • Flexible retirement plans for businesses and individuals
  • Commission-free trading for 60 days
  • Access to educational materials

Conclusion

Many individuals take on part-time jobs after they retire, most likely because they didn’t plan properly for their retirement. When unexpected expenses occur, you don’t want to scramble to look for work in order to pay for things that your nest egg was meant for. Find a retirement planning service like Fidelity Investments, The Vanguard Group, and TD Ameritrade to help your money start growing now, so you will be able to relax and enjoy life after your retirement.