| A | B |
|---|
| Baby step 4 | 15% of income in retirement plans |
| baby step 5 | saving for college |
| 401k | Typical retirement plan found in most companies |
| 403b | Retirement plan found in non-profit groups (schools, hospitals) |
| ira | retirement plan that has tax savings up front |
| roth ira | retirement plan that grows tax free |
| rollover | movement of retirement plan if you change jobs |
| ESA | college savings plan |
| SEPP | self employed retirement plan |
| $5,000 | the most you can put into a Roth IRA each year |
| 457 | deferred compensation plan - "get paid later" |
