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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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 ?
While saving for retirement is important, consumers who lack liquid savings should consider whether they may be putting more into a retirement account than they can truly afford, Kalscheur said.
The company's self-directed brokerage platform, Merrill Edge, was the only option for those who wanted to maintain a commission-based retirement account with BAC," they explained.
The wirehouse has said its retirement account clients can work with commissions or fees in the future and that it will be lowering some charges for trades.
Despite the study's finding of overall improvement in Americans' ability to make ends meet, the percentages of those who have planned for retirement or have a retirement account have changed little since 2009.
He is over age 70 1/2 and is taking annual RMDs from his retirement account.
Polzer starts with that statistic and proceeds to add some weight to a common LTC finance dream: The idea of having the government change tax policy to let retirement account holders use part of the money in the account to pay for LTCI coverage.
And the Editor's Choice goes to the reader who said: "Is anybody even listening to the words 'evaluating retirement account fees' and then thinking about what the average person knows about any of this?
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.
Recent changes in the tax laws (the Economic Growth & Tax Reconciliation Act of 2001--EGTRRA 2001) allow Professor Paul to increase his contributions to his retirement 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.