National Life Group reviews show that many of their customers come to them in need of a retirement plan. The number one problem people make when it comes to retirement plans is starting to consider retirement too late in life. The longer a person waits, the more they will need to put away monthly to ensure a comfortable life in retirement. National Life Group reviews show that company understands how many people would categorize themselves as worried – or very worried – when it comes to living a comfortable life in retirement. The experts at National Life Group are looking to offer peace of mind.
The good news for families everywhere is that National Life Group reviews each individual and each family to ensure that their retirement needs are met. Unlike some competitors, National Life Group reviews show that the company is committed to simplifying things so that all parties involved fully understand where their money is going and how it will grow overtime. The first step to this is understanding the different types of retirement plans offered by employers in the United States. The first is a 403(b). The 403(b) is the savings plan that many teachers and workers at non-profits will find themselves invested in. Most 403(b) plans have the taxes deferred, which means no tax is paid on the money as it grows, but the money will be taxed when it is taken out of the plan. On the flipside, National Life Group reviews show that they often steer people towards the Roth 403(b) plan. In the Roth plan, taxes are paid on the money upfront, but no tax is paid on money as it grows over the years. The Roth version is usually better for younger contributors.
National Life Group reviews show that those who work in the government space will often contribute to a 457(b) plan. Many government jobs will offer both a 403(b) plan and a 457(b) plan. National Life Group works with their clients to help them contribute the maximum amount allowed to both plans, which will set them up perfectly when the time for retirement comes.
One of the best parts of National Life Group reviews is realizing how little needs to be added to retirement plans monthly to make a huge impact. For instance, the National Life Group team put out an infographic which showed for the average cost of a pizza a month, a family could fund an entire vacation in retirement. The graphic was based on 15 years at a 3% interest rate. This rate showed that every $150 contributed monthly per year could take care of a year of living expenses for a person in their retirement. National Life Group reviews show that when you are ready to learn more about retirement, their experts are available to help.