1. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    A qualified defined contribution plan is a good place to begin and the most popular is the 401(k). The contributions are pretax or tax deductible, the account accumulates tax deferred and some employers actually match portion of your contribution. By offering a 401(k) an employer can attract employees and retain them with this retirement benefit.
    Answered on September 5, 2013
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