A defined contribution plan that may be established for employees by a nonprofit organization or school for retirement. Employees may allocate a portion of their salaries into a plan and contributions are excluded from their income for tax purposes (with some limitations). Contributions and earnings compound tax deferred.
62% of people are not financially ready for retirement. QuickPlan for tablets is an easy to use tool that allows you, within minutes, to assess your own retirement readiness and to forecast your finances for the long term.