retirement account

(redirected from Retirement annuity)
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ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.retirement account - a plan for setting aside money to be spent after retirement
plan, program, programme - a series of steps to be carried out or goals to be accomplished; "they drew up a six-step plan"; "they discussed plans for a new bond issue"
401-k, 401-k plan - a retirement savings plan that is funded by employee contributions and (often) matching contributions from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments yourself
individual retirement account, IRA - a retirement plan that allows you to contribute a limited yearly sum toward your retirement; taxes on the interest earned in the account are deferred
Keogh plan - a tax-deferred pension plan for employees of unincorporated businesses or for self-employed persons
References in periodicals archive ?
This law already applies to all pension fund and retirement annuity fund members, but will now be extended to members of provident funds.
People approaching retirement will no longer be herded towards buying a retirement annuity with their defined contribution (DC) pension pot.
The other policy one needs is a retirement annuity and with a premium of as much as you can afford up to the maximum deductible allowance for income tax purposes.
June 3 /PRNewswire/ -- A portfolio incorporating stocks, bonds, and incremental purchases of annuity income benefits over time -- a process called retirement annuity laddering -- produces more guaranteed lifetime income, develops more liquidity to address other retirement needs, and builds more long-term wealth than other commonly adopted retirement income strategies, according to a new report by the Income Management Strategies Division of Massachusetts Mutual Life Insurance Company (MassMutual).
The new annuity calculator that is part of EBIS will allow employees to perform "what-if " scenarios concerning their retirement annuity, high3 average salary, TSP annuity, TSP projected account balance, and so on.
introduced two variable annuities last year, the Fidelity Personal Retirement Annuity and the Fidelity Freedom Lifetime Income Annuity.
408(b) individual retirement annuity or with respect to the exemption from tax of an organization forming part of such a plan or account, and any document issued by the IRS dealing with such qualification or exemption, must be open to public inspection and copying, on written request.
We intend to update his will, put a life insurance trust, in place to protect him from estate taxes down the road, minimize his holdings in some of his properties, then put the excess money into a 529 College Plan for his children and a retirement annuity," she says.
Now the old boy, turning 65 and feeling intimations of mortality, is determined to beat the Margaret Thatcher record for consecutive years in office (11) and, in a complex rip-off involving Cyprus, establish a handsome retirement annuity in a secret bank account.
Because Mike's retirement benefit is frozen at the time he joins the deferred option plan, his retirement annuity would freeze at $25,000 per year--it would not increase during his final 5 years.
As per the reports, the Coastal Educational Foundation board has agreed to fund a retirement annuity up to $1 million for CCU president Dave DeCenzo.