Different Types of Retirement accounts
Retirement planning can be confusing, but it doesn't have to be! In this video, we break down the different types of retirement accounts:
Company-Sponsored Plans like 401(k)s, 403(b)s, pensions, and profit-sharing plans.
Individual Plans like Traditional IRAs, Roth IRAs, and deferred annuities.
We also explain the difference between Traditional (tax-deferred) and Roth (tax-free growth) accounts, the rules around early withdrawals, and how to make the most of employer matching.
💡 Pro Tip: Always contribute at least up to the company match if available—it’s free money!
Learn how these options can help you build a secure financial future and avoid unnecessary penalties. Don't forget to like, comment, and subscribe for more tips on financial planning and investing!