Other retirement plans: 403(b), 457, TSP, pension, etc | Financial Literacy | Khan Academy

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In addition to the usual retirement savings options, you might encounter plans like the 403(b) and 457, designed for public employees and certain nonprofits, or the TSP, tailored for federal workers and military personnel. Other options, such as the SEP IRA and SIMPLE IRA, cater to small business owners and self-employed individuals, while traditional pension plans provide a fixed income stream in retirement based on your salary and years of service.

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