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Types of Retirement Plans

Health Savings Account
Health Savings Account

This is where a health savings account comes into play. A HSA is used in conjunction with a HDHP to pay for smaller, routine medical expenses like a doctor's visit. While not for everyone, a health savings account can offer tremendous tax benefits for retirees, and help you afford health care in your retirement years.

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IRA
IRA

An individual retirement account (IRA) allows you to save money for retirement in a tax-advantaged way. An IRA is an account set up at a financial institution that allows an individual to save for retirement with tax-free growth or on a tax-deferred basis.

source: fidelity.com
Roth IRA
Roth IRA

More In Retirement Plans. News; Topics; ... A Roth IRA is an IRA that, ... from your Roth IRA. Differences Between Roth IRAs and Designated Roth Accounts;

source: irs.gov
SEP IRA
SEP IRA

A SEP-IRA account is a traditional IRA and follows the same investment, distribution, and rollover rules as traditional IRAs. See the IRA FAQs. See also Publication 560, Publication 590-A and Publication 590-B for detailed information on SEP plans and SEP-IRAs.

source: irs.gov
Simple IRA
Simple IRA

A SIMPLE IRA plan provides small employers with a simplified method to contribute toward their employees' and their own retirement savings. Employees may choose to make salary reduction contributions and the employer is required to make either matching or nonelective contributions. Contributions are ...

source: irs.gov
Solo 401(k)
Solo 401(k)

These plans have the same rules and requirements as any other 401(k) plan. Contribution limits in a one-participant 401(k) plan The business owner wears two hats in a 401(k) plan: employee and employer.

source: irs.gov

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