Retirement Planning

Have you planned your retirement yet? Retirement Planning is imperative to ensure a relaxing and stable environment in which to enjoy the latter years of your life. A retirement plan is the arrangement of assets, investments, etc. to adequately provide you with an income once you retire. With the help of a Retirement Planning Professional, anyone can secure their retirement.

Are you making your Retirement Plans? Contact one of our Retirement Planning Professionals at Cranberry Lake Financial to help you secure your future!

Some Common Types of Retirement Plans Include:

• 401(k) Plans
• Cash Balance Plans
• Money Purchase Pension Plans
• Profit Sharing / Stock Bonus Plans
• Simplified Employee Pension Plans (SEP's)

Retirement plans are divided into two categories: defined benefit plans and defined contribution plans. Defined benefit plans are more general in nature and cover a broad amount of people within the same benefits. Defined contribution plans are specified towards the individual and include IRA's and 401(k)'s.

Almost half of Americans are not covered by a retirement plan and thus have their retirement at risk. Another twenty-five percent of those who qualify for a 401(k) do not even contribute to them. Don't put your future at risk - secure it!