090: Different Types of Retirement Plans in the USA with Alpesh Parmar

<p><strong>Alpesh Parmar</strong> is an entrepreneur, real estate investor, business owner, author, mentor, and podcast host who is passionate about wealth, life, and health. Alpesh is Host of the real asset investing Podcast – “Wealth Matters”. Alpesh is also co-author of Amazon # 1 Bestselling book – Resilience: Turning Your Setback into a Comeback. He has invested in the USA, Belize, Panama, Paraguay, and India. He owns and manages a portfolio of duplexes and small to medium-sized apartment buildings in Birmingham, Atlanta, and Dallas markets.</p> <p>In 2018, Alpesh Parmar decided to share his story with others by co-authoring a book with other well-respected authors and industry leaders. This book “Resilience – Turning your Setback into a comeback” hit Amazon # 1 best seller in multiple categories.</p> <p><strong>(00:01-00:55) Opening Segment</strong></p> <p>- Introduction of the speaker, Alpesh Parmar</p> <p>- Alpesh introduces the episode's topic, Different Types of Retirement Plan in the U.S</p> <p><br></p> <p><strong>(00:55-1:47) Reasons Why People Need Retirement Plan</strong></p> <p>- Why people work hard?</p> <p>- Retirement plans are not a one-fit-all benefits</p> <p>- What to look for a retirement plan?</p> <p><br></p> <p><strong>Retirement Plans that Work for Employees</strong></p> <p><strong>(1:48-05:54) 401K Plan</strong></p> <p>- Alpesh explains what is 401k Plan</p> <p>- How does 401k plan work?</p> <p>- Pros and Cons of 401K plan</p> <p><br></p> <p><strong>(05:55-7:48) Individual Retirement Account</strong></p> <p>- What is IRA?</p> <p>- How does IRA work?</p> <p>- Pros and Cons of IRA</p> <p><br></p> <p><strong>(07:49-09:25) Roth IRA</strong></p> <p>- What is Roth IRA?</p> <p>- How do Roth IRA works?</p> <p>- Pros and Cons of Roth IRA</p> <p><br></p> <p><strong>(09:26-09:43) Retirement Plans that Work for Self-Employed and Business Owners</strong></p> <p>(09:44-10:43) Simple IRA</p> <p>- What is Simple IRA?</p> <p>- How does Simple IRA works?</p> <p>- Pros and Cons of Simple IRA?</p> <p><br></