Types of retirement accounts vary between public and private sector employees.
Not exact matches
Inheriting
retirement savings
accounts has
varying tax implications, depending on the
type of account and who the beneficiary is.
Additional voluntary contributions may
vary in tax treatment depending on the
type of plan, but if they are made into a tax - defered
account, any returns accumulate tax - free until
retirement.
The rules
vary by
retirement account type, so we'll examine the early withdrawal criteria for three
of the most popular: 401 (k) s, Roth Individual
Retirement Accounts (IRAs) and traditional IRAs.
Regardless
of the
type of institution with which you open your
retirement account and what kind
of account you choose (there are in fact 11
types of tax - advantaged
accounts; the most common being traditional and Roth IRAs), you should ask how they charge fees and commissions at the outset; the exact charges will
vary based on the volume
of your transactions or on the size
of your assets under management.