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There are several different types of retirement plans, including some traditional plan types as well as non-traditional options. Traditional retirement plans can be IRAs or 401(k)s.
A 401(k) plan. Traditional 401(k) plans are employer-sponsored retirement plans, which means they are only available to employees of a company that has signed up to use a 401(k) service as an ...
Fidelity offers a wide range of retirement account options, including traditional and Roth IRAs, 401(k)s and other employer-sponsored plans. Its $0-fee mutual funds and robust educational ...
In addition to 401(k) plans, there are also 403(b) plans for employees of public schools and certain tax-exempt organizations, and 457(b) plans for state and local government employees.
Many plans offer Roth IRA option with contributions made after tax and withdrawals are tax-free. 457(b): These are plans that are typically for government and some nonprofit employees. The ...
The self-employed have several plan options, including defined contribution plans such as a solo 401(k), SEP IRA and SIMPLE IRA. But they also have some defined benefit options, too.
Planning for retirement is an important financial step, and you have plenty of options to choose from when selecting a retirement plan. Understanding how these accounts work and the benefits they ...
Unlike traditional pension plans, in which the employer promises a specified monthly benefit at retirement, 401(k) plans are funded by contributions deducted directly from the employee’s paycheck.