How To Start A Retirement Plan? 
A qualified defined contribution plan is a good place to begin and the most popular is the 401 -LRB- k -RRB- . The contributions are pretax or tax deductible , the account accumulates tax deferred and some employers actually match portion of your contribution . A non-qualifiedplan can also be an option if you 're an individual who does n't want the regulations ofqualifiedplans . Some non-qualifiedplans use a TAMRA compliant , nonmodifiedendowment lifeinsurancecontract with minimum death benefit . 