How many savings and retirement plans are available to you?

   It's a good idea to study all the different plans available to you. Even if you contribute to a plan at work it probably won't be enough for a comfortable retirement. You're going to need three or four savings vehicles to accumulate enough. Many people work for non- profits like hospitals and school districts that allow them to save in 403(B) plans. These plans are similar to setting up your own 401(K). You can contribute to Roth IRA's and traditional IRA,s outside of work as well. These plans have annual maximum contribution limits. If you contribute the maximum to these tax deferred accounts, consider opening a taxable brokerage account. Brokerage accounts have no limits on deposits and can be used to maximize tax efficiency when used in conjunction with tax deferred accounts. Finwiz.