[SIE] 47, Employer-Sponsored Retirement Plans

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam exam. In this episode you will learn: - The key differences between 401(k), 403(b), and 457 plans based on employer type. - How employer matching contributions work as an incentive for employees to save. - The two primary types of vesting schedules: cliff and graded, and what they mean for owning employer funds. - The rules and potential tax consequences associated with taking a loan from a retirement plan. - A simple mnemonic to remember which plan corresponds to for-profit, non-profit, and government employers. For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818