Nurses have access to several retirement savings plans, including:
- 401(k) Plans: Many healthcare organizations offer 401(k) plans where employers may match a portion of the employee's contributions. - 403(b) Plans: Specifically designed for employees of non-profit organizations, including hospitals, these plans function similarly to 401(k) plans. - IRAs (Individual Retirement Accounts): Nurses can set up traditional or Roth IRAs independently, providing additional avenues for retirement savings. - Pension Plans: Some hospitals and healthcare facilities still offer traditional pension plans, although they are becoming less common.
