- The 401(a) plan is employer-sponsored and both employer and employee can contribute.
- A 401(k) plan is a company-sponsored retirement account that employees can contribute income to and employers can contribute to.
- 403(b)s are retirement savings plans that serve employees of public schools and tax-exempt organizations.
- A 408(k) is an employer-sponsored pension plan similar to a 401(k).
- The 412(i) plan was a defined benefit plan designed for small business owners in the United States.
- Plan 457 is an IRS-sanctioned retirement plan for employees with tax benefits.
- AARP is a non-profit, non-partisan organization that empowers retirees to choose how they live in old age.
- The accumulation phase refers to the period of a person’s life during which he saves money for retirement.
- After-tax contributions can be made to the Roth account.
- An annuitant is an investor or beneficiary of a pension plan who is entitled to regular pension payments or annuity investments.