 When it comes time to choose a retirement plan, the options can often be confusing. Since most retirement plans are employer-sponsored, the plans that are available to you might depend on your work situation. Many employees in the private sector have access to a 401k while those who work for educational institutions, government agencies, Read more…
Retirement Resources & Guides
401(a) Plan: What Is It? | Comprehensive Guide Inside
Unless you work for a government entity or a non-profit organization, you may have never even heard of a 401(a) plan. These plans are similar to 401(k) plans in some aspects, although there are a few major differences. The 401(a) can be a great way to save for retirement, so exactly how do they work? Read more…
403(b) Plan vs. 401(k) Plan: What’s The Difference? | (Full Guide) Inside
 When it comes to retirement planning, all the options available out there can get confusing. There are many plans out there, but do you really know the difference between a 401k, 403b, 457b, 401a, and all the others? You are not alone as most people have trouble when it comes to comparing all the Read more…
403(b) Plan vs. 457(b) Plan: What’s The Difference? | (Full Guide)
Many people only associate retirement accounts with a 401(k) or an IRA. However, not all employers offer these retirement savings options. A 401(k) is generally only available to those employed in the private sector, so what about government employees and others who work in the public sector? Many employers in this space offer either a Read more…
403(b) Plan: What Is It? | Full Guide Inside
Retirement plans come in many different flavors and varieties. Each offers some unique advantages, while most also come with a few drawbacks. Your employer often plays a large role in which plans might be available to you to use for retirement savings. If you are a teacher, school administrator, government employee, doctor, or nurse, then Read more…
457(b) Plan: What Is It? | (Full Guide) Inside
Retirement plans can be confusing, and saving for retirement can be difficult. Many people are familiar with a 401(k), but what if your employer does not offer one? There are many other options available including 457(b) plans. These plans are similar to a 401(k), but there are a few distinct differences. So, just what is Read more…
Qualified Retirement Plan: What Is It & How It Works | Full Guide
Most people know that they need to save for retirement, but many do not fully understand all the savings plan options available. Not all retirement savings plans are created equal. Some can offer more tax benefits while others might allow you to make more contributions. Choosing which one is right for you requires knowledge of Read more…
SIMPLE IRA Retirement Plan | Everything You Need To Know
Saving enough money for retirement can be a challenge, especially if your employer does not offer a matching 401(k) plan. Many small businesses choose to avoid 401(k) plans because of the high administrative costs and IRS rules associated with them. Many individuals are left saving for retirement on their own through an IRA, or individual Read more…
Roth IRA vs. Traditional IRA | What’s The Difference? (Full Guide)
Unless you are planning for your retirement, you might not know what a Roth or traditional IRA is. It is never too early to start a retirement plan, and you should start saving as soon as possible to maximize the amount of money you have when you reach retirement age. If you are unsure what Read more…
Pension Plan vs. 401(k) | What’s The Difference & How To Choose
Saving for retirement can be a daunting task, but knowing what options are available is a great first step. You might hear the terms 401k, pension plan, defined benefit plan, or defined contribution plan and start to feel overwhelmed. What do they all mean and how do you select the one that is right for Read more…
