Why is it important to have retirement plans?

Answer Retirement plans provide income for you after you retire from working. It supplements the money you receive from Social Security. A well-thought out plan can help you maintain your standard of livi... Read More »

Top Q&A For: Why is it important to have retirement plans

Are state retirement plans considered pension plans?

Retirement plans sponsored by states are considered pension plans. There are two types of pension plans to choose from--a defined benefit plan or a defined contribution plan. The benefit plan tells... Read More »

Basics of 401(k) Retirement Plans?

401k retirement plans are investment programs, typically set up by an employer, where pre-tax dollars can be contributed by an employee. In some cases, employers match an employee's contribution e... Read More »

Who Qualifies for SEP Retirement Plans?

SEP retirement plans (also known as SEP IRAs) are set up by employers for the benefit of qualified employees. Nearly any type of employer can set up an SEP, although most are established by small ... Read More »

Could I set up several different self-employed retirement plans at once?

You can set up a number of different self-employed retirement plans, such as different types of 401ks and IRAs or a Keogh plan, at the same time, according to CBS Money Watch. However, the Interna... Read More »