retirement account


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Related to retirement account: Investment Retirement Account
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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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 ?
Retirement Advantage compares for example a customer using [pounds sterling]100,000 to buy a guaranteed annuity via The Retirement Account or via a traditional annuity, either option securing [pounds sterling]6,000 of income.
July 9, 2015 /PRNewswire-iReach/ -- Fortress Gold Group, one of the top precious metals firms in America, announced today that the company has expanded its catalog to include a new type of Individual Retirement Account that allows investors to not only own gold, but to store that gold in their home, local bank safety deposit box, or other location of their choosing.
Nia has only $16,000 left in her 403(b) retirement account that she contributes to through her job as a college access coordinator, where she helps high school students gain access and admission to college.
Q: The limit on how much I can contribute annually into my retirement account, on a deductible basis, is pretty low.
The creation of this new precious metals IRA investment division allows the IRA specialists to focus exclusively on its gold-backed retirement account customers.
Lon Jefferies, of the Net Worth Advisory Group, says that, "Borrowing or withdrawing from a retirement account can be fast, easy and inexpensive, or even free, if withdrawing contributions made to a Roth account.
Individual retirement account assets are now greater than in employer-based retirement accounts such as 401(k)s and 403(b)s, according to a Cogent Research study of 4,000 affluent and high net worth Americans.
The researchers also created a series of four video interviews of employees on campus with similar circumstances that have successfully participated in a retirement account.
Invest in a 401 (k) or 403(b) retirement account up to the full extent of the employer's matching contributions.
IRA Resource Associates found that annual fees charged by administrators can range from $285 to $1,362 when investors have an asset base of about $100,000 - considerably more than a standard retirement account.
An HSA program has two parts: a high-deductible health plan (which usually costs less than other health plans) and a tax-advantaged, portable savings account for payment of current medical expenses which builds like a medical individual retirement account (IRA).
Zobel also discusses the new Saver's Tax Credit which is designed to give a tax credit up to $1,000 to lower-income individuals for a $2,000 contribution made to a retirement account.