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Retirement Planning Consultants & Services In Lorain

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Retirement Planning Consultants & Services


Below is a list of businesses which provide Retirement Planning Consultants & Services services. If you do not see your business in the list, you can submit it for addition to this list. Adding your business will feature your listing above Standard listings.
Standard Listings

Business Listing   A Dreamcatcher Adult Care - Lorain, OH - Phone: (440) 960-0961


Business Listing   Adult Care by Sandy - Lorain, OH - Phone: (440) 233-7659


Business Listing   Anchor Lodge Retirement Village - Lorain, OH - Phone: (440) 244-2019


Business Listing   Angel's Adult Care - Lorain, OH - Phone: (440) 233-4249


Business Listing   Autumn AEGIS Retirement Community - Lorain, OH - Phone: (440) 282-6768


Business Listing   Carriage House Apartments - Lorain, OH - Phone: (440) 282-7701


Business Listing   Firelands Retirement Center - Lorain, OH - Phone: (440) 246-5202


Business Listing   Firelands Retirement Center Inc - Lorain, OH - Phone: (440) 246-5220


Business Listing   Hearthstone at Lorain - Lorain, OH - Phone: (440) 960-2813


Business Listing   Jesse Williams Shared Living Home - Lorain, OH - Phone: (440) 233-8100


Business Listing   Lakeview Assisted-Living Centerighborhd HSE Assctn - Office - Lorain, OH - Phone: (440) 246-0507


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Helpful Definition for: Retirement Planning Consultants & Services

A Retirement Plan, in Lorain, refers to a pension that is granted to an individual on his retirement from a job. It is an arrangement where some amount is paid on a regular interval to someone who is no longer earning a daily income from employment. Retirement plans may be set up by employers, insurance companies, the government or other institutions like the employer association or the trade union.

Retirement planning, in Lorain, refers to the allocation of finances, or setting aside of money, to be able to get a steady income on retirement. Now-a-days there are several financial planners and advisors available to help client develop retirement plans in return of a fee or commission on the product sold. The retirement consultants suggest the correct retirement plan to an individual based on their income group, standard of living and other factors like, investments, taxes, debts, etc. These retirement plans provided by the insurance companies also contain an additional insurance aspect like paying benefits to survivors or disabled beneficiaries.

There are two popular varieties of retirement plans, the defined benefit plan and defined contribution plan. A defined benefit plan guarantees a certain payout at retirement and usually depends on the member’s salary and the number of years in the membership plan. While in a defined contribution plan, contributions are paid into an individual account for each member. The contributions are then invested, may be in the stock market and the returns of that investments are credited to the individual’s account.

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