this post was submitted on 27 Jun 2023
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Explain Like I'm Five | Don't Panic!

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ELI5: Types of Retirement Plans? (lemmit.online)
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The original was posted on /r/explainlikeimfive by /u/MorningAsleep on 2023-06-27 17:56:50+00:00.

Starting to really look into my retirement, and trying to figure out the baseline differences between these: 401(k) Traditional IRA. Roth IRA. SEP IRA. Simple IRA and Simple 401(k) Solo 401(k)

My company provides a basic 401(k) that I never put much thought into, just set an amount monthly to contribute and that was that.

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