The following types of retirement plans may (but are not required to) offer loans from plan funds: 401 (k), 403 (b), 457 (b), profit - sharing, and money purchase.
Better yet, both of
the following types of retirement plans are relatively simple and inexpensive for small - business owners (with no employees) and self - employed individuals to set up.
Only
the following types of retirement plans are insured in this ownership category:
Not exact matches
It can get confusing to distinguish all
of the different
types of retirement plans, so you can refer to the descriptions
of the
following retirement plans below (including the associated tax benefits
of each
type of plan and whether those benefits will take effect now or later):
These
types of retirement accounts
follow the same
type of IRS limits as 401 (k)
retirement accounts, but only if it is the only
retirement plan your company offers.
The different
types of retirement plans offered by Reliance Life are as
follows: