403b, A Qualified Retirement Plan

403b, A Qualified Retirement Plan

Is a 403 (b) a Qualified Retirement Plan? A qualified retirement plan is an employer plan that benefits employees and meets specific requirements of the Internal Revenue Code. These plans may be eligible for special tax benefits, such as tax deferrals for company contributions. Your contributions may also qualify for a tax deferment. Saving for … Read more 403b, A Qualified Retirement Plan

Different Types of Retirement Plans

Different Type Of Retirement Plans

Types of Retirement Plans You Should Know About Retirement planning will be difficult. For that reason, it’s crucial to take this moment to see about the various types of retirement programs and their benefits. What are the other alternatives for retirement funds? These other types of retirement accounts are: Personal retirement accounts (IRAs ), business … Read more Different Types of Retirement Plans

What is a 401(k) and How Does it Work?

WHAT IS A 401(K) AND HOW DOES IT WORK?

One of the most common ways people save for retirement is by contributing to a 401(k), a retirement savings account offered by many employers. So what is a 401(k) and how does it work? We’ll look at three main concepts: contributions, investments, and account management. But first let’s start with the absolute basics: the name. … Read more What is a 401(k) and How Does it Work?