What is an automatic 401(k)? Q.What is an automatic 401(k)? A.An automatic 401(k) enrolls workers automatically, assigning them a default contribution rate and allocation of funds that they are free to change later. Read more about What is an automatic 401(k)?
What types of nonemployer-sponsored retirement savings accounts are available? Q.What types of nonemployer-sponsored retirement savings accounts are available? A.The two big types are traditional individual retirement accounts (IRAs) and Roth IRAs. The main difference: when the feds take their cut. Read more about What types of nonemployer-sponsored retirement savings accounts are available?
What are defined benefit retirement plans? Q.What are defined benefit retirement plans? A.Defined benefit retirement plans are lifetime annuities promised by employers and, in the case of most private plans, partially guaranteed by the federal government. Read more about What are defined benefit retirement plans?