There are a number of types of retirement plans, including the 401 (k) plan and the traditional pension plan, known as a defined benefit plan. The Employee Benefits Security Administration

Mar 18, 2024 · Here’s everything you need to know about the best types of retirement plans available and how to decide which one is best for you.

Sep 9, 2024 · Retirement plans allow you to invest now for financial security when you and your employees retire. As a bonus, you and your employees get significant tax advantages and other incentives. Employer contributions are tax-deductible. Assets in the plan grow tax-free. Plan options are flexible.

Dec 3, 2024 · Review retirement plans, including 401 (k) plans, the Savings Incentive Match Plans for Employees (SIMPLE IRA Plans) and Simple Employee Pension Plans (SEP).

Mar 1, 2025 · It can be easy to let planning for retirement slip by, while you’re focusing on your career or raising children. In fact, 57 percent of working Americans say they’re behind on …

Jan 24, 2025 · When it comes to choosing a retirement plan, consider your target retirement age, your life expectancy, and whether you plan on working after retirement. Keep in mind that you’re not necessarily limited to one choice when it comes to retirement savings.

It is important to understand how your plan works and what benefits you will receive. Just as you would keep track of money that you put in a bank or other financial institution, it is in your best interest to keep track of your retirement benefits.

Aug 19, 2024 · How retirement plans pay benefits - in a lump sum, annuity, or spousal benefits.

Nov 27, 2024 · We'll explore, at a high level, the key features of each retirement plan type or account, including potential tax advantages, contribution limits, withdrawal penalties, Roth versions, and more. A 401 (k) is an employer-sponsored plan that is the most common type of retirement plan out there.

Jan 24, 2025 · Below, you'll find detailed information on how 401 (k) plans work, how to start one, and strategies for making the most of a plan. A 401 (k) plan is a company-sponsored retirement account...