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
    There are employer sponsored retirement plans as well as individual retirement plans. One example of an employer sponsored retirement plan under ERISA (Employee Retirement Income Security Act of 1974) is a defined contribution plan, where pretax contributions accumulate tax deferred and some employers match a portion of the contribution. Individuals can set up their own IRAs.
    Answered on August 23, 2013
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