Retirement Plans - Five Things You Need to Know to Start Saving Now

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There are many different types of retirement savings plans. The most popular plans are individual retirement accounts (IRA), defined contribution plans (401(k), 403(b), and 457(b) plans) and defined benefit plans (traditional pension plans). Most U.S. based employers offer a defined contribution plan like a 401(k) plan.

If these combinations of numbers and letters leave you feeling fearful and confused, get over it. Do not let a lack of investment knowledge keep you from saving. Retirement programs have lots of financial jargon and concepts, but you do not need to understand most of them to start saving. Your understanding will grow over time.

Click on the dark blue tab to read our five (5) basic retirement plan primers. Increase your knowledge and get started saving now.

THIS TOOL DOES NOT PROVIDE ADVICE. It is for general informational purposes and does not address individual circumstances.