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Retirement Plans

403(b)

A 403(b) is an employer sponsored retirement plan for non-profit organizations that makes it easy for employees to save for retirement through payroll contributions. With pre-tax contributions, you can save on taxes, and some plans even offer employer contributions to get you even closer to your retirement goals. Key Benefits: Additional catch-up contributions can be…
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401k

SIMPLE 401(k)

SIMPLE 401(k)s are employer sponsored retirement plans available to small businesses with 100 or fewer employees. As the name implies, it is a hybrid plan that shares ease of management, low cost, and lack of discrimination testing requirements like SIMPLE IRAs with the availability of a loan feature found in a 401(k). Key Benefits: Both…
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Roth 401(k)

Roth 401(k)

A Roth 401(k) is an employer sponsored retirement plan that makes it easy for employees to save after-tax dollars for retirement through payroll contributions. Roth is well-suited for people anticipating being in a higher tax bracket during retirement. Key Benefits: Contributions are not tax deductible Qualified distributions are tax-free No income limitations like Roth IRAs…
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Roth IRA

Roth IRA

A Roth IRA is a retirement account that allows you to save after-tax dollars towards retirement. Once you’re ready to take withdrawals from the account, they are tax free and penalty free as long as they occur after age 59 ½ and once the account has been open for at least 5 years. Key Benefits:…
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Traditional IRA

Traditional IRA

  Anyone younger than age 70 ½ with earned income can utilize Traditional IRAs to reduce their current tax liability and save for retirement. One of its greatest advantages is the tax-deferred growth of your investment. Key Benefits: Contributions are tax deductible if certain conditions are met Taxes deferred until distributions are made Penalty free…
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Simple IRA

SIMPLE IRA

SIMPLE IRAs are employer sponsored retirement plans available to small businesses with 100 or fewer employees. They offer ease of management due to low start-up and operating costs and a lack of discrimination testing requirements found in some other retirement plans. Key Benefits: Both employer and employee can contribute Employer must make either a 2%…
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401K

401(k)

A 401(k) is an employer sponsored retirement plan that makes it easy for employees to save for retirement through payroll contributions. With pre-tax contributions, you can save on taxes, and some plans even offer employer contributions to get you even closer to your retirement goals. Key Benefits Additional catch-up contributions can be made if older…
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