Diverse Retirement Accounts
Diverse Retirement Accounts: A Comprehensive Overview (NYT) 1. Traditional 401(k) A traditional 401(k) is a retirement savings plan provided by numerous employers. Employees can allocate a portion of their salary to their 401(k) account, and employers may match contributions. Contributions are made with pre-tax dollars, lowering taxable income. Earnings grow tax-deferred, and taxes are levied …