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 COVID-19 Information from ACCC

Retirement Plan Options


Retirement can be a daunting subject, but with the right preparation, the financial costs can be manageable. ACCC explains some different retirement plan options:

  1. 401(k) – This account is offered by employers as an employee benefit. Many employers offer to match employees’ contributions too.
  2. Individual Retirement Accounts (IRA) – This tax-advantaged tool can include investments in bonds, mutual funds, and stocks. IRAs are a good option if your employer doesn’t offer a 401(k).
  3. Roth IRA – This allows consumers to contribute after-tax income to an IRA. The money earned in this savings account will not be taxed upon distribution.
  4. Spousal IRA – This allows a consumer’s nonworking spouse to accumulate tax-advantaged savings for retirement.

 American Consumer Credit Counseling (ACCC) provides credit counseling, financial education and debt relief options for individuals and families with too much credit card debt or unsecured personal debt. Our certified credit counselors have helped thousands of consumers find credit card debt relief by learning how to reduce debt and how to get out of credit card debt. Our debt assistance services and debt management plans allow consumers to consolidate credit card bills into a single payment, and provide help with negotiating credit card debt in order to lower interest rates and finance charges, to ultimately eliminate debt through a credit card payoff plan.

American Consumer Credit Counseling - Consolidate Debts - Better Business Bureau American Consumer Credit Counseling - Consolidate Debts - Mass Housing Approved National Industry Standards for Homeownership Education and Counseling American Consumer Credit Counseling - Consolidate Debts  - Council on Accreditation American Consumer Credit Counseling - Consolidate Debts  - NFCC Member