What Retirement Plan Should I Choose? 
To determine what retirement plan you should choose , you first need to establish a financial profile that determines your effective tax bracket and includes a risk tolerance assessment . Based on that information , you need to consider whether your retirement plan should be qualified or non-qualified . For example : If you select a qualified plan , does your employer sponsor a 401 -LRB- k -RRB- and matching contributions ? If not you may want to look at individual qualified plans like Roth IRA or traditional IRAs . If you dont like some of the restrictions of qualified plans , you may want to investigate cash value life insurance like Participating Whole Life , Current Assumption Universal Life , Indexed Universal Life and Variable Universal Life . Product suitability needs to match up to the policy owners financial profile and risk tolerance . The policy design is critical to the cash accumulation , using the lowest cost of insurance option that complies with TAMRA . 