Simple Guide To Retirement Planning For Beginners

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Most financial experts will suggest sticking 15% of your income into retirement accounts, and we are on point.

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My husband has a 401(k) that we are maxing out, but I was curious to know what our other options are. There is so much information out there; I was feeling so overwhelmed. Retirement planning is a little intimidation to me.

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Pensions Explained

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403(b) is retirement planning for teachers, hospitals, and religious organizations and charities. 457 plans are for government workers and other non-forprofit. And 401(k) plans are for everyone else.

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These are certificates purchased from a bank for a specified amount. These are normally locked in for a chosen amount of time, usually one, three, or five years.

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Simple Guide To Retirement Planning For Beginners

Most financial experts will suggest sticking 15% of your income into retirement accounts, and we are on point.

My husband has a 401(k) that we are maxing out, but I was curious to know what our other options are. There is so much information out there; I was feeling so overwhelmed. Retirement planning is a little intimidation to me.

Retirement Planning

Pensions Explained

403(b) is retirement planning for teachers, hospitals, and religious organizations and charities. 457 plans are for government workers and other non-forprofit. And 401(k) plans are for everyone else.

Differences Between 401(k), 403(b), And 457

These are certificates purchased from a bank for a specified amount. These are normally locked in for a chosen amount of time, usually one, three, or five years.

CDs or Certificate of Deposit

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