| Plan | Description | Yes/No |
|---|
SIMPLE IRA | Employer Sponsored IRA | Yes |
401(K) | Employer Sponsored Retirement Plan | Yes |
IRA | Traditional Individual Retirement Account | Yes |
SEP-IRA | Simplified Employee Pension | Yes |
MONEY PURCHASE | Employer Sponsored Retirement Plan | Yes |
STOCK BONUS PLAN | Employer Sponsored Retirement Plan | Yes |
PROFIT-SHARING | Defined by Profits of Employer | Yes |
403(B) & 457(A) | For Educators, Non-Profits, & Government Employees | Yes |
THRIFT SAVINGS PLAN | Employer Sponsored Savings Plan | Yes |
ROTH 401(K) | Money Put in After Taxes are Paid | Yes |
DESIGNATE ROTH ACCOUNT | Portion of 401(k) Put Into a Roth Account | Yes |
PENSION | Plan Defined by Distribution | Maybe |
ESOP | Employee Stock Option Plan | Maybe |
ANNUITIES | Invested in Insurance Companies | Maybe |
ROTH IRA | Money Put in After Taxes are Paid | No |
LIFE INSURANCE | Not a Retirement Account | No |
This article is complements of Ben Morris from Retirement Processing Corp. Thank you Ben!
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Article ID: 114, Created: 8/25/2021 at 9:07 AM, Modified: 8/25/2021 at 9:10 AM