• Definition
• Types of investments What investment choices do you have with each type of plan? Defined benefit plans offer you no investments choices as it is formula driven. Basically the investment types are mutual funds for company sponsored plans and self-directed investments (stocks, bonds, mutual funds, ETFs, etc for IRAs).
• Annual amount How much can you contribute to this plan annually for 2020? Tax implications tax deferred, tax free, etc.
• This is 2020 annual limits.

1. Defined Contribution

Company Sponsored Plan

1. 401k w/match

• Type of investments

• Annual amount

• Tax implications

2. 401k, 403b, 457

• Type of investments

• Annual amount

• Tax implications

Individual Retirement Account -

• 1. Roth -
• Type of investments

• Annual amount

• Tax implications

• 2. Traditional -
• Type of investments

• Annual amount

• Tax implications

• 3. Rollover -
• Type of investments

• Annual amount

• Tax implications

• 4. Spousal -
• Type of investments

• Annual amount

• Tax implications

• 5. SEP -
• Type of investments

• Annual amount

• Tax implications -

2. College Savings Plans

1. 529

• Type of investments

• Annual amount

• Tax implications -

2. Coverdell

• Type of investments

• Annual amount

• Tax implications -