Important savings vehicles for retirement include:
• 401k Accounts— these are for individuals working in for-profit organizations.
• 403b Accounts— for workers in schools, universities and other non-profits.
• 457b Accounts— workers in tax-exempt organization, state or local government.
• SBO-401K — a tax-deferred, government-registered retirement savings account.
• Simple IRA — Investment Retirement Account (IRA) for small business employees.
• SEP IRA—IRA for the self-employed.
• Company Pensions—used by various employers.
• Profit Sharing Plans—also used by various employers.
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