TAX-DEFERRED RETIREMENT PLANS
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Besides helping you build income for your retirement, many retirement plans offer the added benefit of sheltering your money from taxes. Nearly all plans build tax-deferred value, and some allow you to shelter your current income as well. In this tutorial, we will introduce the basics of tax-deferred retirement plans:
- How Retirement Plans Help You Save on Taxes
- WHAT IS A 401(K) PLAN?
- Individual Retirement Accounts (IRAs)
- SIMPLE and SEP Plans
- Keogh Plans
- SUMMARY OF TAX-DEFERRED RETIREMENT PLANS
Let's start by looking at how tax-deferred retirement plans work.