RET.11.HO.10 - 2015MoneyEducation 11th Edition RETIREMENT...

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© 2015 Money Education Retirement Planning, 11th Ed. Chapter 10 1 © 2015 Money Education CH 10 | SIMPLE, 403(b), and 457 Plans 1 Retirement Planning and Employee Benefits CHAPTER 10: SIMPLE, 403(b), & 457 PLANS 11 th Edition RETIREMENT PLANNING AND EMPLOYEE BENEFITS Michael A. Dalton | James F. Dalton © 2015 Money Education CH 10 | SIMPLE, 403(b), and 457 Plans 2 Retirement Planning and Employee Benefits Chapter 10: Learning Objectives 1. Identify other tax-advantaged plans. 2. Compare and contrast qualified plans with other tax-advantaged plans. 3. Explain how SIMPLEs work and when they should be considered. 4. Understand the similarities and differences between 403(b) plans and 401(k) plans. 5. Describe how the deferral limits for SIMPLEs, SARSEPs, 401(k) plans and 403(b) plans work together. 6. Differentiate between private and public eligible 457 plans as well as ineligible 457 plans. © 2015 Money Education CH 10 | SIMPLE, 403(b), and 457 Plans 3 Retirement Planning and Employee Benefits SIMPLEs Savings Incentive Match Plans for Employees (SIMPLEs) Retirement plans for small employers Easy to establish Easy to maintain Similar tax advantages to qualified plans Employee elective deferral contributions
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