retirement savings plan


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ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.retirement savings plan - 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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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 ?
Another tax break popular with the middle class is in the cross hairs of Republicans in Congress: 401(k) retirement savings plans.
The percentage of workers saying retirement savings plans are "extremely important" rose five percentage points between 2014 and 2016; for dental and vision coverage, the increase was seven points.
House Republicans (http://clerk.house.gov/evs/2017/roll096.xml) voted to rescind a federal rule making it easier for states to offer basic retirement savings plans to millions of workers.
For example, the survey found that more men (59 percent) than women (50 percent) have their own retirement savings plan. Veterans (61 percent) are much more likely to have their own retirement savings than are non-veterans (53 percent).
The employees also claim that the controllers of the retirement savings plans did not protect their interests by selling BP stock and taking other actions to protect investors.
Among demographic groups, Hispanics are least likely to save for retirement--only about 30 percent have access to a workplace retirement savings plan, and just 31 percent are saving for retirement outside of the workplace.
Implementing a retirement savings plan helps both the employer and the employee.
YOU'VE SPENT YEARS contributing to your supplemental 403(b) retirement savings plan. Now, because of proposed changes to IRS 403(b) regulations, your choice of retirement 403(b)/Tax-Sheltered Account (TSA) providers could change.
For 2005, the law allows you to save as much as $14,000 in a 401(k) or 403(b) retirement savings plan, But if your savings goal is $3,000 a year, saving a percentage of your salary won't be your main concern.
As such, our objectives were to determine: (1) what benefit payout options and accompanying information pension plans make available to participants at retirement, (2) what benefit payouts plan participants receive at retirement, and (3) the actions available to help retiring participants preserve their pension and retirement savings plan assets.
The Foundation worked with the Committee on Benefits Finance (CBF) on a retirement savings plan study that became a resource for FEI's dealings with Capitol Hill on pension plan regulation.
In addition to the tables, the booklet provides a number of worksheets that assist in the calculation of taxable income and Registered Retirement Savings Plan contributions.

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