by EveryIncome | Retirement
Despite Americans holding over $2 trillion in variable annuities, the average person knows little about how annuity retirement plans work or their pros and cons. What is an annuity? An annuity is a special type of life insurance that provides reliable income in...
by EveryIncome | Retirement
While educating yourself on retirement investing strategies, these two terms likely come up often. And there are key reasons why. Keep reading to learn more. What is a mutual fund? A mutual fund is an investment opportunity allowing you to pool your money with that of...
by EveryIncome | Retirement
The 457, like the 401(k), is a tax-advantaged plan that allows you to put a portion of your pretax income into retirement savings. Here, we’ll discuss the pros and cons of the 401(k) vs. 457 plans. 401(k) vs. 457: What’s the difference? Perhaps the biggest difference...
by EveryIncome | Retirement
Depending on your employer, you may have access to a 401(k), 403(b), or both. While similar to the 401(k) in many ways, the 403(b) has some important differences you need to bear in mind when choosing your retirement plan. While less well known than the 401(k), 403(b)...
by EveryIncome | Retirement
Both 401(k) plans and IRAs offer the means to save for retirement, and many people have a 401(k) plan at work and personal IRA accounts. If you’re comparing IRAs and 401(k)s, here are some important facts you should know, including tips on a 401(k) vs. an IRA...
by EveryIncome | Retirement
If you’re wondering how to choose between a 401(a) vs. 401(k), you’ve come to the right place. While similar in many ways, the two plans have certain important differences. The 401(k) retirement plan has largely replaced the traditional pension plan, partly because...
