If your employer is like most, they’ll match the contributions you make to your 401k account. The result is free money for your retirement plan.
Retirement Plans
As traditional pension plans fade from the landscape, retirement savings accounts that individuals fund and direct for themselves have emerged as the new retirement reality.
Among the most common are 401k plans for employees of private companies. Other plans include:
- 403b retirement plan for teachers, churches, public hospitals and nonprofit organizations?
- 457 retirement plan for state or local government employees
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