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Ep 141: Retirement Savings Basics: What’s The Purpose Of All My Accounts?
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Are you aware that not all retirement accounts are created equal? It's crucial to understand the purpose and advantages of each type of account to make the best choice for your future. In this episode, we'll delve into the different types of retirement accounts, including 401(k)s, IRAs, Roths, and several other examples.
We’ll help you weigh the pros and cons of each and give you insights into the purposes they serve so that you can make an informed decision. Join us and discover why understanding the purpose of these accounts is essential for securing a comfortable retirement.
Here's what we'll talk about on today's show:
- What are 401(k)s, 403(b)s, & 457 Plans? (3:58)
- What are simple IRAs and SEPs (10:14)
- What are HSAs and FSAs (15:16)
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