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d. This account is a contract you make with an insurance company. Your contribution can be in one lump sum or in a series of payments. The contract guarantees that payments will be made to you for life or over a specific time period depending on the type of annuity you hold. Annuity returns can be fixed, variable, or equity indexed. Talk with a financial advisor to see if an annuity is suitable for you.
e. Pension plans designed for small businesses that do not have other plans available to them.
f. Participation is limited to nonprofit organizations such as schools, hospitals, and churches.
Where Should I Save My Money?
Answers: a. 401(k), b. a defined benefit plan, c. 403(b) Tax-Deferred Annuities, d. Annuities, e. Small Business Plans, f. Keogh plan