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each question is either yes or no. the order is Pension,traditional 401k, traditional IRA, and Roth IRA its yes or no for each one Factor
each question is either yes or no. the order is Pension,traditional 401k, traditional IRA, and Roth IRA its yes or no for each one
Factor Pension Traditional 401(k) Traditional IRA Roth IRA Eligibility Nothing about the account changes, even if you switch jobs Most of the time Tres Eligibility may be affected by how long you work with a given company All employers offer this type of account Taxes The money you put into this retiremen, account has already had taxes taken out of it yes no no yes You pay taxes when you eventually take the money out yes yes yes no Contributions Your company may contribute funds toward your retirement Any contributions you make come directly from your paycheck no yes You make contributions from your bank account no no Factor Pension Roth IRA Traditional 401(k) Traditional IRA Investment Options Your employer has some say in how the money is invested no You have some choice in how your contributions are invested yes yes yes Receiving Your Benefits no Your total retirement benefit will depend on the risk level of the investments you chose You're promised a fixed benefit each month, which may yes Investment Options Your employer has some say in how the money is invested You have some choice in how your contributions are invested yes res Receiving Your Benefits no Your total retirement benefit will depend on the risk level of the investments you chose You're promised a fixed benefit each month, which may Increase with inflation Step by Step Solution
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