Which retirement plan is good?

[Tunde]

A good retirement plan is the one that guarantees stability, meets the basic needs and suits the kind of lifestyle that you are aspiring to live. These plans may be pensions, personal savings, investment accounts or government schemes, depending on what you want and the level at which you are prepared to accept the risk.

[TheSmartInvestor]

An effective retirement plan would depend on what you want and your risk tolerance. To maintain stability, combine employer plans like a 401(k) with an IRA to enjoy tax advantage. Low risk bonds may also add to both growth and security.

[Peaktrader]

First, put first things first and get ready by prioritising on plans that guarantee returns i.e. pension or fixed annuity. Both IRAs or mutual funds are nice investments too but you need to match the risk to what you can tolerate.