Retirement strategies come and go in popularity and viability depending on market conditions and national events, so here is a list of strategies to consider in 2022 and beyond according to retirement planners like Robert Nico Martinelli and others:

1) Deferred compensation plans

Deferred compensation is a strategy that allows individuals to save on a tax-advantaged basis for retirement. Eligible employees can contribute up to $18,000 of income annually in some cases and then defer taxes until withdrawal after reaching retirement age when they are likely in a lower tax bracket.

2) Self-employed retirement plans

The Solo 401k allows self-employed individuals to contribute up to $55,000 annually. These types of plans usually allow individuals to make much larger contributions than traditional retirement accounts.

3) Roth IRAs

These plans allow your contributions to grow tax-free and then be withdrawn after reaching retirement age without penalties or taxes. The catch is that income limits apply; however, the contribution amounts and ability to contribute increase with inflation each year.

4) Defined benefit plans (pension plans)

Pension plans like the one IBM offers allow you to know exactly what you will receive monthly upon retiring. This program has been disappearing at an alarming rate, so it may be wise not to miss out on such a plan if you are eligible. Some pension plans offer benefits as high as 150% of income upon retirement at age 65.

5) Cash balance plans

Cash balance plans offer benefits similar to defined benefit plans, except for the amount of money you receive is based on a percentage of what you and your employer contribute each year. So these types of plans are not as safe because they do not have a guaranteed payout like traditional pensions, but they can be quite lucrative if all goes well.

6) Social Security Benefits

Although this type of plan is not a strategy, it’s still an important part of retirement planning because many individuals rely on social security for a large portion of their monthly cash flow during retirement. Therefore this program needs to be healthy in order to ensure that retirees’ lifestyles are comfortable during their golden years. Even though there may be benefit adjustments, tax increases, or a cost of living adjustment reduction in the future, if the economy is still strong and growing, social security will likely remain available to citizens at least at some level.

7) Annuities

Annuity plans allow individuals to purchase an income for life (or as long as they live). There are different types of annuities, such as fixed and variable indexed annuities; however, both offer a personal guarantee, meaning if you die, the payout continues to your beneficiaries. These plans may not be suitable for those who do not want risk involved because there is an element of risk involved but can be useful for those who like safety and guarantees regarding their retirement funds, especially since Social Security benefits may be diminished in the future or eliminated.

So what’s the conclusion? There are many ways to approach retirement planning, and everyone needs a personal strategy that fits their lifestyle. The important thing to consider is not just how much you will need but when you will need it, because if something happens early on in your career, such as getting laid off or retiring early (due to health issues), it may affect how much you can save.