SavvyPoll Number Two

The vast majority of Americans that contribute to retirement plans do so through either a defined contribution plan (the 401(k) being the most widespread and most well-known), an Individual Retirement Plan (IRA) – either Traditional (tax-deferred) or Roth (tax-exempt) – or a combination of the two. Defined contribution plans such as the 401(k) offer at least one distinct benefit and one potential benefit. The benefit? The money you contribute to a defined contribution plan is done so on a pre-tax basis, meaning your annual tax liability is reduced. The potential Read the Full Story