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The Internal Revenue Service recognizes Individual retirement arrangements (IRAs), Roth IRAs, 401(k) plans, SIMPLE 401(k) plans, 403(b) plans, SIMPLE IRA plans (Savings Incentive Match Plans for Employees), SEP plans (Simplified Employee Pension), SARSEP plans (Salary Reduction Simplified Employee Pension), Payroll deduction IRAs, Profit-sharing plans, Defined benefit plans, Money purchase plans, Employee stock ownership plans (ESOPs), Governmental plans, 457 plans, and Multiple employer plans as types of retirement plans.

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