Summary of How to Contribute to Retirement Plans

Over the course of your working life, you may participate in a variety of employer retirement plans. While each plan has somewhat different rules—in the amounts and types of contributions permitted—all share several positive attributes. All offer higher tax-deductible contributions than individual retirement accounts (IRAs), and all enable an employer to contribute toward the retirement needs of employees, making retirement planning easier for many people. Understanding how each plan can contribute to your retirement goals helps you ensure the future of your dreams.