How to make sure your 401(k) contributions are more flexible
- by admin
If you’re still wondering how your 401K can support your retirement, this infographic from Money Morning is a good place to start.
The infographic breaks down the different types of 401(ks) and lays out the different funding options available.
For example, the Roth IRA provides a fixed amount of money to start with.
The 403(b) Plan offers a higher maximum annual contribution and allows you to choose from different investment options.
“The Roth IRA has the most flexible funding option, while the 403(c) Plan is the most stable funding option,” the infographic states.
It’s a good reminder that your 401k doesn’t have to be the only option.
You could still opt for the same 401(km) option as the 401(kr) or even the same IRA plan as the 403b Plan.
So while you’re not sure if you want to make a contribution to a 401(bk), this infographic will help you make the best decision.
If you’re still wondering how your 401K can support your retirement, this infographic from Money Morning is a good place…