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Information provided on this site is for general guidance only and
is often simplified. Actual IRS procedures are complex, and taxpayers
should obtain professional assistance or use IRS sources for complete
information.
Types
Of Pension PlanA
401(k) plan permits employees to choose to
defer a portion of their wages on a pre-tax
basis.
401(K)
PlansA
401(k) plan permits employees to choose
to defer a portion of their wages on a pre-tax
basis.
Individual
Retirement ArrangementAn IRA is a
personal retirement savings plan available
to anyone, regardless of age, who receives
taxable compensation during the year.
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