The 401(k) plan represents one way of saving for retirement. It lets employees put aside money from their salary and receive matching contributions from their employers. But it’s not the only way to save.
Individual Retirement Accounts, or IRAs, are similar in many ways to 401(k) plans. They let people save on a tax-deferred basis and make withdrawals when they reach retirement. But they’re not tied to an employer. They give the participants much more control over the direction of their investments but carry lower contribution limits. And there are no matching contributions.
Chapters - Retirement
- The Four Stages of Retirement
- When Can You Retire?
- How Much Will You Need to Save Before You Can Retire?
- How to Create a Retirement Savings Habit
- The Benefits and Costs of a Pension
- Retiring with a 401(k)
- The Benefits of a 401(k) Plan
- The Costs of a 401(k) Plan
- Vesting a 401(k) Plan
- 4 Types of 401(k)
- Rolling Over Your 401k
- Leave Your Old 401(k) with Your Old Employer
- How to Rollover Your 401(k)
- Individual Retirement Accounts—IRAs
- How an IRA Works
- Working Your IRA With Your 401(k)
- 3 Types of IRAs
- SEP IRA Limits
- Annuities
- The Benefits of an Annuity
- Deferred Annuities
- Immediate Payment Annuities
- Fixed Index Annuities and Variable Rate Annuities
- Qualified and Non-Qualified Annuities
- Changing Your Annuity—The Section 1035 Exchange
- The Limits of a 1035 Exchange
- How to Plan for Your Retirement
- How to Start Planning Your Retirement
