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Choosing the Right Retirement Account

Updated: Oct 2, 2023

the Right Retirement Account

In the economic maze that is personal finance, one of the most significant decisions one faces revolves around retirement accounts. With several options available, from IRAs to 401(k)s and beyond, how can an individual decipher which path is right for their unique situation? Going into this complex topic, we'll discuss various factors that influence this decision, and how wealth & asset managers such as the ones at Lyon Bern, can offer invaluable assistance in this process.

Wealth & Asset Management: More Than Just Numbers

Before going into the types of retirement accounts, it’s important to understand the role of wealth and asset management. Wealth & Asset Management is about nurturing your hard-earned money, ensuring it grows, and remains protected from unpredictable market fluctuations. Lyon Bern's method integrates a holistic approach to managing investments. By curating four distinct investment portfolios, each having its unique strategy, they offer an array of blended model portfolios. Whether you have a conservative mindset or lean towards aggressive investment profiles, Lyon Bern ensures there's a strategy tailored to your risk tolerance and investment objectives.

Retirement Accounts: Which One Is The Right Retirement Account for You?

The selection of the right retirement account isn't one-size-fits-all. Factors like your income level, employment status, and future financial goals play pivotal roles. Here's a brief breakdown:

  1. Traditional IRA: This is an individual retirement account where contributions may be tax-deductible. However, withdrawals during retirement are taxed.

  2. Roth IRA: Here, contributions are made with after-tax assets, meaning withdrawals during retirement are generally tax-free.

  3. 401(k): Offered by employers, this account allows employees to save and invest a piece of their paycheck before taxes are taken out. Taxes are paid when the money is withdrawn from the account.

  4. Solo 401(k), SEP IRA, and SIMPLE IRA: Ideal for self-employed individuals or small business owners, these accounts offer varying contribution limits and tax benefits.

  5. Health Savings Account (HSA): Not strictly a retirement account, HSAs can act as supplementary retirement funds. They're available to those with high-deductible health plans and offer triple tax advantages.

When choosing amongst these options and others that exist in Puerto Rico and the US, one needs to consider tax implications, contribution limits, employer matches, and more. The process can be intricate.

How Can Lyon Bern Assist?

Making a decision about a retirement account isn't merely about understanding the basics of each option. It requires a deeper dive into one's financial situation, understanding nuances, and predicting long-term implications of short-term choices.

Lyon Bern's wealth & asset managers stand ready to guide individuals through this complex path. By understanding a client's unique financial landscape, they provide tailored advice. Their comprehensive approach ensures that the chosen retirement account aligns seamlessly with the broader financial strategy.

Your retirement should be a period of relaxation, not stress. Making the right decisions now can ensure a future of financial security. Engage with experts, who can navigate the intricacies of wealth and asset management and guide you towards a retirement plan that is in perfect harmony with your financial goals. What sets Lyon Bern apart is their strategic focus on advanced risk management. Their commitment to safeguarding client investments is evident in their utilization of advanced techniques such as "hedging" strategies. Tools like put options, stop-loss provisions, and profit lockers are deployed to mitigate systematic or “market” risk. This proactive stance means that even in the unpredictable financial market terrain, a client’s portfolio has layers of protection.


Wealth & Asset Management in San Juan, Puerto Rico

Asesores Financieros


San Juan, PR | Headquarters Office

252 Ponce de León Ave. Citi Towers Suite 1403 San Juan, PR 00918 ​

PHONE 787-395-7325

Disclosure: Lyon Bern, LLC is a Registered Investment Adviser and is in the business of consulting and advising its clients in wealth and asset management. Each client's diversification between Lyon Bern's portfolios will be made individually and based on the client's Investment Policy Statement. Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product referred to directly or indirectly in this document will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for your portfolio. Due to various factors, including changing market conditions, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this document serves as the receipt of, or as a substitute for, personalized investment advice from Lyon Bern, LLC. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with a professional investment advisor. A copy of our current written investment advisory agreement discussing our advisory services and fees is available for review upon request.


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