Many employers sponsor a retirement savings plan for their employees.
you can save money toward your retirement on a tax-deferred basis
401(k) plans are offered to employees of public or private for-profit companies.
403(b) plans are offered to employees of tax-exempt or non-profit organizations, such as public schools, colleges, hospitals, libraries, philanthropic organizations and churches.
457 plans are offered to employees of state and local municipal governments (and some local school and state university systems).
Thrift Savings Plans are offered to federal civilian and uniformed services employees.
Americans owe more on their student loansthan on their credit cards or car loans, according to a new report from the Federal Reserve Bank of New York.
Student loan debt stands at $870 billion nationally, surpassing the nation’s outstanding balance on auto loans ($730 billion) and credit cards ($693 billion), according to Grading Student Loans,
One-third of the national student-loan balance is held by people ages 30 to 39, and another third by people older than that, signifying that only a small share of college graduates manage to retire their loan debt while still in their 20s.