Category: Retirement Plan

A retirement plan is a financial arrangement that allows an individual to save and invest money for their retirement years. It is a way for individuals to plan for their future financial security and to ensure that they have enough money to live comfortably after they stop working. Retirement plans can include pension plans, 401(k) plans, individual retirement accounts (IRAs), and other types of investment plans. These plans typically offer tax benefits to encourage individuals to save for retirement and may also offer employer contributions or matching funds. The ultimate goal of a retirement plan is to provide financial stability and security during the retirement years.