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Part I - Distinguishing features of retirement accounts In the chart below, the first column contains a statement. Mark an X in each type of retirement account for which the statement is true. If the statement doesn't apply to that type of retirement account, leave the box empty.

Factor Pen

Factor	Pension	Traditional 401(k)	Traditional IRA	Roth IRA
Eligibility
Nothing about the account changes, even if you switch jobs
Eligibility may be affected by how long you work with a given company
All employers offer this type of account
Taxes
The money you put into this retirement account has already had taxes taken out of it
You pay taxes when you eventually take the money out
Contributions
Your company may contribute funds toward your retirement
Any contributions you make come directly from your paycheck
You make contributions from your bank account
Factor	Pension	Traditional 401(k)	Traditional IRA	Roth IRA
Investment Options
Your employer has some say in how the money is invested
You have some choice in how your contributions are invested
Receiving Your Benefits
Your total retirement benefit will depend on the risk level of the investments you chose
Youre promised a fixed benefit each month, which may increase with inflation

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