What is the purpose of a retirement plan?

Answer A retirement plan allows an individual to have money saved through investing to utilize when she retires. The amount you need will vary from individual to individual. There are many instruments and... Read More »

Top Q&A For: What is the purpose of a retirement plan

Can you have both a 457 retirement plan& an IRA?

Yes. A 457(b) plan is an employer-sponsored retirement plan available to employees of state and local government organizations. You may contribute up to $5,000 into an IRA, as of 2010 IRS regulatio... Read More »

Which Is Better, a 457 or 403 B Retirement Plan?

The CMOS battery is a small device inside a computer that keeps the motherboard configuration intact when the computer is turned off. On the Dell Latitude C640, the CMOS battery is located beneath ... Read More »

How much can I put into my 401(k) retirement plan?

As of 2010, the limitation for annual contributions for most employees to 401k planes is $16,500. An additional catch-up contribution of $5,500 is available for employees age 50 or older. Employe... Read More »

What is an 801 (k) retirement plan?

My understanding is that you are correctly referring to a little known investment vehicle called an 801(K). It involves companies who pay back very solid dividends to investors of the fund and that... Read More »