Glossary

401(k)
A type of employer provided retirement plan. Contributions to these plans are usually tax-deferredA feature of many retirement accounts where the income taxes on the earnings and sometimes on initial investments are delayed until withdrawals are taken from the account. and may be eligible for employer match. Synonyms: 401k, 401k Plan
403(b)
A type of employer provided retirement plan for education or non-profit workers. Contributions to these plans are usually tax-deferredA feature of many retirement accounts where the income taxes on the earnings and sometimes on initial investments are delayed until withdrawals are taken from the account.. Synonyms: 403b
457
A type of retirement plan for state and local government employees. In these accounts, you set your contribution levels within the rules and limits of your plan. Contributions to these plans are usually tax-deferredA feature of many retirement accounts where the income taxes on the earnings and sometimes on initial investments are delayed until withdrawals are taken from the account..

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