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

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 »

What is a 403(b) retirement plan?

A 403(b) is a retirement plan that is sponsored by your employer and allows you to make regular contributions toward your retirement savings.EligibilityTypically, you are eligible for a 403(b) if y... Read More »

What Is a TDA Retirement Plan?

A TDA, or tax deferred annuity, is a tax-favored retirement plan that allows an employee of a nonprofit organization to contribute money pre-tax toward retirement. Over 156 million people had a TDA... Read More »

What is a retirement plan distribution?

A retirement plan distribution is a withdrawal made from a retirement plan that is given special tax breaks by the Internal Revenue Service. The timing and size of these distributions can have sign... Read More »