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 (e.g. insurance company): types: immediate deferred,fixed,variable |
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Term
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Definition
| a type of retirement plan, usually a pension, in which a payment amount is guarenteed |
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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 guarentee of benefits |
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Term
| Employer-spomsored 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; traditional IRAs are tax deductiable and earnings are tax deferred |
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Term
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Definition
| a retirement savingss plan for self- employeed professionals or owners of small buisnesses; it affords the same tax benefits as a 401(k) |
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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 withdrawl from the workforce |
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Term
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Definition
| this type of individual retirement account is not tax deductiable, but may not be subject to income tax upon withdrawl |
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Term
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Definition
| a United States government program established in 1935 that includes a retirement benefit for citizens; it is funded by payroll tax |
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