Many folks have employer-sponsored retirement accounts like a 401k or 403b which is a good thing. In fact, 80% of large companies offer a qualified (pre-tax) plan some of whom will 
match your contributions. That being said it’s wise to set up at least one other supplemental plan for yourself because;
- You will pay later for today’s tax break: You will pay tax on 100% of your withdrawals which can bump up your tax rate and you won’t know what the tax brackets will look like at that time.
- Limited planning flexibility: If you need money to make an important purchase and inching up to the next tax rate the purchase might put you over the top hurting your bottom line.
- Limited access in the event of an emergency: If you are under age 59.5 and need to withdraw funds quickly you are facing a 10% penalty and taxation.
Because of these issues we recommend setting up at least 1 other after-tax plan such as a Roth IRA, life insurance cash value policy, and/or a non-qualified after-tax account like mutual funds or annuities.
Ask Robert about your 3 possible solutions for retirement accounts here or call him at (917)359-3985