What Retirement Vehicle is Best?
Chances are that you are familiar with the process of choosing the right vehicle for you. For some, a large truck bed used for hauling heavy equipment is necessary. For others, it’s spacious seating for the family. I currently own a 2005 Blue Chevy Corvette. V8 engine, 400 horsepower, and 0-60 in 4.1 seconds. While that vehicle fits me currently, I can tell you that its two-seat capacity wouldn’t make any sense for my sister who has two young boys to chauffer daily. In retirement planning, we ask a similar question that warrants as much, if not more diligence – what is the best retirement savings vehicle? A savings vehicle is a type of account – it’s what you put your money in that carries it from point A to point B.
