Understanding the Different Types of Retirement Plans
Planning for retirement often involves choosing between two main categories, each with its own rules and benefits. In New York, these retirement plans generally fall into the following two categories: defined benefit plans, such as pensions, and defined contribution plans, such as 401(k)s. There are also individual retirement accounts (IRAs) and other plans designed for specific groups.
Deciding among the many types of retirement plans is about more than saving money. It is about preparing for the future and protecting your wealth, your legacy, and, most importantly, your family.
At Miller & Miller Law Group, retirement planning attorneys help New Yorkers understand their options, fit retirement accounts into estate planning, and create strategies reflecting personal goals. Contact us to schedule a consultation and take the next step toward retirement security.
