Are you familiar with the 414(h)plan? -

The most common type of employer-sponsored retirement plan is a 401(k); however, certain employees may have access to a 414(h) plan instead. A 414(h) plan, also called a pick-up plan, offers people who hold government jobs a tax-advantaged way to grow savings for retirement. If you work for a government agency, you may be eligible for one of these plans as part of your benefits package. Not familiar with a 414(h)plan? Nina Semczuk explains the 414(h) plan and how it works. Read Ms. Semczuk’s article here…

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