Pension meeting requirements of IRAC sec. 401(a) eligible for tax favored treatment.
Defined benefit plan
Plan in which benefits do not depend on how plan investments have fared financially.
Tax paid at a later date possibly in a lower tax bracket.
Similar to a 401 for educators
Account into which employee may deposit distribution of another retirement account to avoid tax penalty.
Plan in which contributions are not tax deferred but funds may grow tax free
A tax differed qualified retirement plan for self employed individuals and unincorporated businesses
Defined Contribution Plan
Plan in which retirement benefits depend on how plan investments have fared
Employee Stock Ownership plan
Plan that allows employee to put part of earnings into tax-deferred investment account
Contract, usually sold by an insurance company to provide regular payments
Use of statistics to determine probability, like life span.
Individual Retirement Account
Employee Retirement Income Security Act
Pension Benefit Guaranty Corporation
Legal Right to current or possession, for funds an employer puts into a fund
Acting on behalf of another in a relationship with special obligations
Qualified Domestic Relations Order, for divorced persons, the ex-spouse may be entitled to share in retirement benefits.