Detailed definition, types, examples, historical context, and more about 403(b) plans, which are tax-advantaged retirement savings plans for employees of public schools and certain non-profit organizations.
A comprehensive guide to understanding the maximum allowable amounts that can be contributed to retirement plans each year.
An in-depth exploration of Defined-Benefit Pension Schemes, their historical context, types, key events, detailed explanations, mathematical formulas, importance, applicability, examples, considerations, related terms, comparisons, interesting facts, and more.
Deferred Compensation Plans defer a portion of an employee's salary to a future date, usually retirement. This entry covers its historical context, types, key events, detailed explanations, and more.
Pension plans where the benefits are calculated based on factors like salary history and duration of employment. Plans that promise a specified monthly benefit at retirement, often based on salary and years of service.
A Defined Contribution Plan is a retirement plan where the contributions by both the employee and employer are predefined, but the future retirement benefits vary based on investment performance.
A comprehensive look into Defined Contribution Schemes, including historical context, types, key events, explanations, mathematical models, and real-world applicability.
A comprehensive explanation of Direct Transfer, detailing its definition, types, special considerations, examples, historical context, applicability, comparisons, related terms, and frequently asked questions.
An in-depth exploration of Early Buyout Offers (EBO), their historical context, key events, types, significance, applicability, and related terms.
Employer match refers to contributions made by an employer to an employee's retirement plan, matching the employee's elective deferrals up to a certain percentage. It is a common feature in retirement savings plans such as 401(k)s.
An in-depth overview of Individual Retirement Accounts (IRAs), their types, benefits, tax implications, and comparisons to other retirement savings options.
An in-depth look at Individual Retirement Accounts (IRAs), a type of tax-advantaged savings tool designed for individuals to save for retirement.
Life Plan Community, also known as Continuing Care Retirement Communities (CCRCs), offers comprehensive life planning and a range of care options for aging adults.
A Paid-Up Single-Premium Deferred Annuity involves a one-time payment that promises future income streams without needing further contributions. Explore its definition, types, benefits, and applicability.
An in-depth exploration of superannuation, its historical context, types, key events, mathematical models, importance, and applicability in financial planning.
An in-depth look at the Traditional IRA, a retirement account with tax-deductible contributions and taxable distributions.
This entry explains the key differences between transfers and rollovers in the context of moving retirement funds. It covers definitions, historical context, types, key events, detailed explanations, mathematical models, applicability, and related terms.
Variable annuities are investment vehicles that allow for the allocation of funds to sub-accounts, resulting in fluctuating returns based on market performance. They offer higher potential returns but come with increased risk and no guaranteed returns.
Voluntary retirement refers to an employee's decision to retire based on personal financial readiness, health considerations, or other factors, contrasting with mandatory retirement.
A comprehensive guide to early-retirement benefits, addressing the details, implications, and considerations of retiring before the formal retirement age.
A detailed guide on employer retirement plans, types, rules, and important considerations for Individual Retirement Account (IRA) deductions.
A funded pension plan ensures that funds are currently allocated to purchase retirement benefits, providing financial security for employees even if the employer ceases operations.
A comprehensive look at Hardship Distribution, a provision under Section 401(k) plans allowing for withdrawals in case of immediate and heavy financial needs.
A Pension Fund is established by various organizations to provide retirement benefits and plays a significant role in financial markets due to substantial investments in stocks and bonds.
Roth IRA: A powerful instrument for tax-free retirement savings, created by the Taxpayer Relief Act of 1997.
A Keogh Plan is a tax-deferred pension plan specifically designed for self-employed individuals and small business owners.
A Spousal IRA is an Individual Retirement Account created for a nonworking or low-income earning spouse, allowing contributions based on the income of the working spouse.
A detailed exploration of 403(b) tax-sheltered annuity plans, designed for employees of nonprofits and government agencies, covering types, benefits, regulations, and more.
A comprehensive overview of after-tax contributions, their definition, relevant rules, limitations, examples, and frequently asked questions.
An in-depth exploration of cash balance pension plans, their features, advantages, disadvantages, and frequently asked questions to provide a comprehensive understanding of this retirement savings option.
A comprehensive guide to defined-benefit plans, detailing how benefits are calculated based on salary history and employment duration, along with real-world examples and payment structures.
A comprehensive guide to financial literacy for millennials, covering the essentials of managing finances, investing wisely, and planning for retirement.
A comprehensive guide to Full Retirement Age (FRA) for Social Security, exploring its definition, historical context, and variations based on birth year.
Explore the comprehensive definition, benefits, and the working mechanism of a Money Purchase Plan, a type of employee retirement benefit plan.
Explore the definition, tax advantages, and practical applications of Qualified Longevity Annuity Contracts (QLACs), a deferred annuity option funded from qualified retirement accounts like IRAs.
A comprehensive guide to Simplified Employee Pension (SEP) IRA plans, explaining what they are, how they function, their benefits, eligibility criteria, and key considerations for employers and self-employed individuals.
A detailed guide to Substantially Equal Periodic Payment (SEPP) - enabling early withdrawals from qualified retirement plans without penalties.
A comprehensive exploration of variable-benefit plans, including their definition, history, investment impact, and special considerations for retirement savings.
