A 403(b) is a retirement plan offered by certain public institutions and tax-exempt organizations.
A 401(k) plan is the tax-qualified, defined-contribution pension account defined in subsection 401(k) of the Internal Revenue Code.
A 457 plan is a type of nonqualified, tax advantaged deferred-compensation retirement plan that is available for governmental and certain non-governmental employers in the United States.
A traditional IRA is a way to save for retirement that gives you tax advantages. Contributions you make to a traditional IRA may be fully or partially deductible, depending on your circumstances, and Generally, amounts in your traditional IRA (including earnings and gains) are not taxed until distributed.
A Roth IRA (individual retirement account) is a retirement plan under US law that is generally not taxed, provided certain conditions are met.
A SIMPLE IRA plan (Savings Incentive Match PLan for Employees) allows employees and employers to contribute to traditional IRAs set up for employees. It is ideally suited as a start-up retirement savings plan for small employers not currently sponsoring a retirement plan.
A SIMPLE 401K plan is a subset of the 401(k) plan. Just like the SIMPLE IRA plan, this is a plan just for you: the small business owner with 100 or fewer employees.
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