A retirement plan that allows you to save money and defer taxes until you retire or pay taxes now and not when you retire.

Types of Retirement Plans

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Business
•
9th - 12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Individual Retirement Account (IRA), IRA, Individual Retirement Account
2.
FLASHCARD QUESTION
Front
A qualified employer-established retirement plan to which eligible employees may make salary deferral contributions on a post-tax and or pre-tax basis with possible employer matching.
Back
401(k) Plan
3.
FLASHCARD QUESTION
Front
A retirement plan under US law that is generally not taxed, provided certain conditions are met.
Back
Roth IRA, Roth
4.
FLASHCARD QUESTION
Front
A retirement plan that gives employees a share in the profits of a company which gives employees a sense of ownership in the company.
Back
Profit Sharing
5.
FLASHCARD QUESTION
Front
A contractual financial product sold by financial institutions that is designed to accept and grow funds from an individual and then pay out a stream of payments to the individual at a later point in time usually upon retirement typically for the rest of their life.
Back
Annuity
6.
FLASHCARD QUESTION
Front
A retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker's future benefit which is invested on the employee's behalf to generate income to the worker upon retirement.
Back
Pension
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