Types of Retirement Plans |
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IRA-Based Plans
Payroll Deduction IRAs, SARSEPs, SEPs, and SIMPLE IRA Plans are "No Fuss" plans that range from those with little employer involvement to those that the employer establishes and funds.
IRC 401(k) Plans
IRC 401(k) plans are the most popular type of retirement plan used today. 401(k) plans are available to all employers of any size...making a basic understanding of their pros and cons vitally important.
IRC 403(b)/457 Plans
IRC 403(b) Tax-Sheltered Annuity plans are available to certain schools, churches, hospitals and tax-exempt organizations. IRC 457 plans are deferred compensation plans for state and local governments and tax-exempt organizations.
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