What are defined benefit retirement plans? Q.What are defined benefit retirement plans? A.Defined benefit retirement plans are lifetime annuities promised by employers and, in the case of most private plans, partially guaranteed by the federal government. Read more about What are defined benefit retirement plans?
What is an automatic 401(k)? Q.What is an automatic 401(k)? A.An automatic 401(k) enrolls workers automatically, assigning them a default contribution rate and allocation of funds that they are free to change later. Read more about What is an automatic 401(k)?
Who uses individual retirement accounts? Q.Who uses individual retirement accounts? A.Almost all taxpayers may establish IRAs, but high-income taxpayers are more likely to have an account. Taxpayers may either contribute to IRAs annually—or roll over balances from employer-sponsored plans. Read more about Who uses individual retirement accounts?