October 13, 2009
How can you get retirement when your employer does not offer it?
kriminyjicket asked:
My husband has no retirement plan with his employer and are there companies out there retirement companies that offer plans for the individual. If so, then what are some good companies to have a retirement plan through.
Heather
Comments on How can you get retirement when your employer does not offer it?
Aylin
Most companies offer the new version of retirement called the 401(k) program. If he isn’t in this and is eligible than both you and he are making a huge mistake. Most companies offer some type of match up to a certain percent. At my company it is 50% up to 4%. Once you are fully vested than if your husband moves jobs it will follow you.
If your husband’s company doesn’t offer a 401(k) program than he needs to invest in either a traditional IRA which is tax defered retirement or a Roth IRA which is after tax money but tax free once withdrawn.