Term
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Definition
| A type of employer-sponsored retirement plan in which money is contributed on a pre-tax basis and all earnings are tax deferred. |
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Term
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Definition
| An investment contract made with the issuer; types: immediate, deffered, fixed, and variable. |
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Term
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Definition
| A type of retirement plan, usually a pension, in which the payment amount is guaranteed. |
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Term
| Defined-Contribution Plan |
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Definition
| A type of retirement plan in which the amount invested in the plan is controlled by the employee, with no guarantee of benefits. |
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Term
| Employer-Sponsored Retirement Plan |
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Definition
| A savings plan for retirement that is offered through a company's benefits package; contributions are usually matched by the company. |
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Term
| IRA (Individual Retirement Account) |
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Definition
| A type of retirement-savings plan that is not usually done through an employer. |
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Term
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Definition
| A retirement savings plan for self-employed professionals or owners of small businesses. |
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Term
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Definition
| A fixed sum paid regularly by an employer to an employee after retirement. |
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Term
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Definition
| Permanent withdrawal from the workforce. |
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Term
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Definition
| Type of IRA that is not tax deductible but may not be subject to income tax upon withdrawal. |
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Term
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Definition
| United States government program established in 1935 that includes a retirement benefit for citizens; funded by payroll tax. |
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Term
| Educational Savings Account (ESA) |
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Definition
| Provides for special tax treatment of money set aside by parents of guardians for the educational purposes of a child. |
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Term
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Definition
| Before taxes are taken out. |
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Term
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Definition
| Transferring retirement funds from one retirement plan to another when changing jobs or circumstances. |
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Term
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Definition
| Dollars that are invested pre-tax of that grow tax-free. |
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