What are the most common retirement accounts?

Here's a breakdown of some of the more common retirement accounts. You've probably heard of this before and for good reason: More than 60 million Americans (roughly 38% of the working population) have a 401 (k), 1 making it one of the most popular ways to save for retirement.

What are the different types of retirement accounts?

When it comes to saving for retirement, 401 (k)s and individual retirement accounts (IRAs) are probably the most well-known types of retirement accounts. But just because they’re the most common doesn’t mean they’re your only options.

What are the different types of workplace retirement plans?

Defined contribution plans: These are now the most common type of workplace retirement plan. Employers set up these plans, such as 401 (k)s and 403 (b)s, to enable employees to contribute to an individual account within the company plan — typically via payroll deduction.