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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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 ?
Bitcoin IRA, the world's first, largest and most secure digital asset IRA company that allows clients to self-trade cryptocurrencies and other digital assets 24/7 for their retirement accounts, has announced that it has launched the next generation of investment retirement account services for digital assets, the company said.
They might, for example, start by deciding what should go into a taxable account, rather than into a tax-advantaged retirement account. Money that will be needed soon probably belongs in a taxable account.
Determine the balance of your retirement account as of Dec.
Before the late-2018 market swoon and subsequent early-2019 rebound, Fidelity Investments said the average retirement account balances had reached record highs.
In light of the Lerbakken decision, it's a short jump from a divorced client losing the exemption to a surviving spouse losing the exemption for their inherited retirement accounts. The retirement account was originally set aside by the deceased spouse, not the surviving spouse.
Paying for school from a tax-advantaged employer retirement account like a 401(k) can hurt you in several ways:
The two suggested that a way to help families cope is to link a short-term emergency savings, or “sidecar,” account to a traditional retirement account. They argued that such an approach helps savers think about their financial picture holistically--and understand the importance of protecting tax-advantaged investments as time goes by.
Is it always a bad idea to borrow from my retirement account?
"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.
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.
Treasury's new myRA (my Retirement Account) can help those who lack long-term retirement savings options.