The “About 401(k) Plans” and “About 403(b) Plans” brochures are the latest addition to MetLife’s Life Advice program (See MetLife Rolls Out “IRAs” Brochure ), created to help people better understand and manage financial decisions in their lives. The two newest brochures explain the difference between 401(k) and 403(b) plans and include information on:
- How to contribute funds
- Tips for managing the accounts
- Advice about what individuals can do with their accumulated assets when they leave their employer.
The brochures also describe limitations on access to retirement savings before age 59 1/2 and the tax penalties for early withdrawals.
More information on the Life Advice program and brochures order can be accessed at www.lifeadvice.com .