Retirement Planning

401(k) Loan: Borrowing from Your Retirement Savings
An in-depth look at 401(k) loans, their benefits and drawbacks, historical context, key events, types, importance, applicability, examples, related terms, and much more.
401(k) Plans: Employer-Sponsored Retirement Accounts Offering Tax Advantages
Comprehensive overview of 401(k) plans: employer-sponsored retirement savings accounts providing tax advantages and investment options for future retirement income.
403(b) Plan: Retirement Savings for Non-Profit and Public School Employees
A 403(b) plan is a retirement savings plan designed for employees of public schools and certain tax-exempt organizations, similar to a 401(k) plan but specifically for non-profits and public schools.
412(e)(3) Plan: Defined Benefit Pension Plan
A 412(e)(3) plan is a type of defined benefit pension plan that is funded exclusively by life insurance and annuity contracts. Known for guaranteed benefits, these plans are subject to enhanced regulatory scrutiny to prevent abuses.
Additional Voluntary Contribution: Enhancing Pension Benefits
Additional Voluntary Contribution (AVC) refers to extra payments that employees can make to their pension scheme to boost the benefits they receive upon retirement. These contributions can be directed towards either the pension payable or a tax-free lump sum.
Annuities: Insurance Products Providing Fixed or Variable Periodic Payments
Annuities are insurance products that provide guaranteed income streams, used primarily as part of retirement strategies. They can offer fixed or variable periodic payments, playing a crucial role in financial planning.
Annuity: Financial Security through Periodic Payments
An annuity is a financial contract where an individual pays a premium to an insurance company in exchange for periodic payments over time, providing a reliable income stream. This article delves into the types, historical context, key events, mathematical models, importance, applicability, and more.
Cash Balance Plan: Defined Benefits Explained
A comprehensive guide to understanding cash balance plans, a type of defined benefit plan that operates with a stated account balance.
Catch-Up Contribution: Understanding Additional Contributions for Individuals Aged 50 and Over
A comprehensive guide to catch-up contributions, a provision that allows individuals aged 50 and over to make additional contributions to retirement accounts in order to better prepare for retirement.
Continuing Care Retirement Communities (CCRCs): Comprehensive Guide
Continuing Care Retirement Communities (CCRCs) offer a range of options from independent living to full nursing care. Explore historical context, types, key events, explanations, importance, applicability, and more.
Contributory Pension: A Comprehensive Overview
An in-depth exploration of contributory pensions, where both employees and employers contribute to the pension fund, including historical context, key events, types, formulas, importance, and more.
Contributory Pension Scheme: Comprehensive Overview
A detailed exploration of the contributory pension scheme where both employees and employers contribute to retirement funds, including historical context, key events, mathematical models, and practical applications.
DC Scheme: Defined-Contribution Pension Scheme
A comprehensive guide to understanding defined-contribution pension schemes, including their history, types, importance, and related concepts.
Defined Benefit Plan: Guaranteed Retirement Benefits
A Defined Benefit Plan (DB Plan) provides a guaranteed retirement benefit based on an employee's salary and years of service. This type of pension plan offers a predictable income stream for retirees.
Defined Contribution Plan: Understanding Retirement Contributions and Benefits
A comprehensive guide to understanding Defined Contribution Plans, where contributions are defined, but the final retirement benefits are subject to investment performance.
Defined-Benefit (DB) Plan: Predetermined Retirement Benefit
A Defined-Benefit (DB) Plan is a retirement plan where the benefit amount is predetermined based on a formula considering factors such as salary history and duration of employment.
Defined-Benefit Pension Scheme: Comprehensive Overview
An in-depth look into Defined-Benefit Pension Schemes, their structure, importance, and evolving landscape in the retirement planning industry.
Defined-Benefit Scheme: Guarantees a Specific Retirement Benefit Amount
A detailed explanation of Defined-Benefit Schemes, which are retirement plans that promise a specified monthly benefit upon retirement, usually based on salary and years of service.
Defined-Contribution (DC) Plan: A Retirement Plan Where the Contribution Amount is Defined
A Defined-Contribution (DC) Plan is a retirement plan in which the employer, employee, or both make contributions on a regular basis, but the future benefits fluctuate based on investment performance.
Defined-Contribution Pension Scheme: An In-Depth Look
A detailed exploration of Defined-Contribution Pension Schemes, including their types, benefits, comparisons, and key considerations.
Elective Deferral: Voluntary Retirement Plan Contributions
Elective Deferral refers to voluntary contributions made by an employee to their retirement plan from their own salary on a pre-tax or after-tax basis.
Employer Matching Contribution: Enhancing Employee Retirement Savings
Employer matching contributions are additional funds contributed by an employer to an employee's retirement plan, designed to match the amount the employee saves.
Fully Funded Pension: Comprehensive Overview
A detailed exploration of fully funded pensions, their significance, mechanics, and comparison with other pension schemes.
Immediate Annuity: Annuity with Rapid Payouts
An Immediate Annuity begins making periodic payments almost immediately after a lump-sum payment is made. This type of annuity is often used by retirees seeking a steady income stream.
Individual Retirement Account (IRA): A Comprehensive Overview
An in-depth exploration of Individual Retirement Accounts (IRAs), including historical context, types, key events, and practical applications for retirement planning.
IRAs: Individual Retirement Accounts with Tax Benefits
Individual Retirement Accounts (IRAs) are personal retirement accounts that offer tax advantages but do not include employer contributions. This article covers their historical context, types, key events, detailed explanations, applicability, and more.
Keogh Plan: Retirement Savings for the Self-Employed
A comprehensive guide to the Keogh Plan, a US retirement savings scheme for self-employed individuals and employees of small businesses, providing tax deferral benefits.
LIF vs LIRA: Understanding the Difference
A comprehensive comparison between Life Income Funds (LIF) and Locked-In Retirement Accounts (LIRA), detailing their functions, differences, and usage in retirement planning.
Non-Contributory Pension Scheme: Employer-Funded Retirement Plans
An in-depth look at non-contributory pension schemes, where the employer shoulders the entirety of contributions, and the implications for employees and businesses.
Non-Qualified Annuity: Understanding After-Tax Investments
A comprehensive guide to non-qualified annuities, their history, types, key events, detailed explanations, formulas, charts, importance, applicability, examples, considerations, related terms, comparisons, interesting facts, quotes, proverbs, jargon, FAQs, and references.
Nonqualified Deferred Compensation Plan: A Deferred Income Strategy
A Nonqualified Deferred Compensation Plan (NDCP) allows executives to defer a portion of their income until a later date, typically retirement, providing tax benefits and customized payout options.
Pension: Retirement Income from Investment Funds
A comprehensive overview of pensions, their types, importance, and historical context, providing a financial safety net for retirees.
Pension Funds: Investment Pools for Retirement Savings
Pension Funds are investment pools tailored to facilitate Baby Boomers and other individuals in saving for retirement, providing a structured and secure method of accruing financial resources for the post-employment phase of life.
Pension Plans: Financial Programs for Retirement
Regular periodic payments to retired employees. Financial programs that provide income during retirement based on years of service and salary history.
Pension Scheme: Comprehensive Overview
An in-depth analysis of pension schemes, their types, historical context, importance, applicability, examples, and related terms.
Pension Scheme: A Comprehensive Guide to Retirement Plans
An in-depth exploration of pension schemes, including contributory and non-contributory pension schemes, under-funded and unfunded pension schemes, historical context, types, key events, and examples.
Personal Pension Scheme: Retirement Planning Tool
A Personal Pension Scheme allows individuals to contribute part of their salary towards a pension provider, such as an insurance company or bank, which invests the funds for retirement.
Qualified Benefit Plan: A Retirement Plan with Favorable Tax Treatment
A comprehensive guide to understanding qualified benefit plans, including their historical context, types, key events, detailed explanations, mathematical models, importance, applicability, examples, considerations, related terms, comparisons, interesting facts, inspirational stories, famous quotes, proverbs and clichés, expressions, jargon, and FAQs.
Qualified Plans: Retirement Plans That Meet ERISA Standards
A comprehensive guide to Qualified Plans, detailing their types, key events, benefits, rules, and more, with historical context, mathematical models, examples, and related terms.
Registered Pension Plan (RPP): Retirement Savings
A Registered Pension Plan (RPP) is a pension plan that permits contributions to accumulate tax-deferred until withdrawn during retirement, designed to provide income to employees after they retire.
Registered Retirement Income Fund: Retirement Income in Canada
A comprehensive overview of Registered Retirement Income Funds (RRIFs), a type of retirement account in Canada from which individuals can withdraw income after retirement.
Required Minimum Distributions (RMDs): An Essential Guide
A detailed explanation of Required Minimum Distributions (RMDs), the minimum amount that must be withdrawn from retirement accounts annually starting at age 72.
Registered Pension Plan (RPP): Comprehensive Overview
A detailed look into Registered Pension Plans (RPP), their types, historical context, importance, applicability, and more.
RRSP vs LIRA: Key Differences and Uses
Detailed comparison and analysis of Registered Retirement Savings Plans (RRSPs) and Locked-In Retirement Accounts (LIRAs), two major Canadian retirement savings vehicles.
Self-Employment Individuals Retirement Act: Foundation of Keogh Plan
The Self-Employment Individuals Retirement Act, commonly referred to as the Keogh Plan, is a significant provision in U.S. retirement law enabling self-employed individuals and small business owners to create tax-deferred retirement accounts.
SEP: Simplified Employee Pension
A retirement plan aimed at small businesses and the self-employed, offering simpler administration than Keogh Plans.
SEP IRAs: Simplified Employee Pension IRAs for Self-Employed Individuals and Small Businesses
SEP IRAs are retirement accounts that provide self-employed individuals and small business owners with a simplified method of contributing to their employees' retirement savings, featuring higher contribution limits compared to traditional IRAs.
SEP-IRA Plan: A Comprehensive Overview
A retirement plan that allows employers to make contributions to employees' IRAs. Dive into the features, benefits, and regulatory aspects of SEP-IRA plans.
Stakeholder Pension: A Comprehensive Guide
A detailed exploration of Stakeholder Pension, its types, benefits, regulations, and relevance in modern finance.
401(k) Plan: Retirement Savings Account
A 401(k) Plan is a retirement savings plan that allows employees to contribute pretax earnings to an individual investment account, which is later taxed upon withdrawal.
Allocated Benefits: Security in Defined-Benefit Pension Plans
Allocated benefits in a defined-benefit pension plan ensure guaranteed pensions for employees as premiums are received and paid up, securing their retirement even if the employer goes out of business.
Cash Balance Pension Plan: Defined Benefit with Hypothetical Account
A comprehensive guide to understanding Cash Balance Pension Plans, a hybrid pension model that combines features of both defined benefit and defined contribution plans.
Cash or Deferred Arrangement (CODA): A Key Component of Modern Retirement Planning
Detailed exploration of Cash or Deferred Arrangement (CODA), commonly referred to as 401(k) plans in the United States, including types, benefits, historical context, and related terms.
Cash or Deferred Arrangement (CODA): Retirement Plan Contribution Method
A Cash or Deferred Arrangement (CODA) is a type of retirement plan that allows employees to choose between receiving cash now or deferring a portion of their income into a retirement savings account.
Catch-Up Contributions: Tax-Deferred Supplemental Contributions for Individuals 50 and Older
Catch-Up Contributions are supplemental, tax-deferred contributions permitted for individuals and employees aged 50 or older to IRAs and other qualified plans, aimed at enhancing retirement savings.
Deferred Compensation Plan: Supplementing Retirement Benefits
A Deferred Compensation Plan is a means of enhancing an executive's retirement benefits by deferring a portion of their current earnings, offering tax advantages and promoting executive loyalty.
Deferred Group Annuity: A Retirement Income Solution
Deferred Group Annuity involves retirement income payments that begin after a stipulated future time period and continue for life, providing a structured way to secure retirement income.
Deferred Retirement: Retirement After the Normal Age
Deferred retirement occurs when an individual continues working beyond the normal retirement age, typically 65 or 70, without increasing their monthly retirement income.
Defined-Benefit Pension Plan: An In-Depth Analysis
A comprehensive overview of Defined-Benefit Pension Plans, focusing on their structure, formula, contributions, tax implications, and more.
Defined-Contribution Pension Plan: Dynamic Retirement Savings
A Defined-Contribution Pension Plan is a retirement plan in which the amount of contributions is fixed, but the benefits vary based on investment performance. This article provides comprehensive details on types, benefits, examples, and comparisons with defined-benefit plans.
Excess Contributions: Understanding Limits and Compliance
An in-depth look at excess contributions in cash or deferred arrangements (CODAs) for highly compensated employees, exploring nondiscrimination rules, implications, and solutions.
Fixed Benefits: Consistent Payment to a Beneficiary
Fixed Benefits refer to a payment made to a beneficiary that remains constant and does not vary over time. An example includes a fixed monthly retirement income benefit, such as $800 paid to a retired employee.
Individual Retirement Account (IRA) Rollover: Tax-Free Transfer of Lump-Sum Payments
The IRA rollover provision allows individuals receiving lump-sum payments from their employer's pension or profit-sharing plan to transfer these funds into an IRA investment plan within 60 days, tax-free. However, if funds aren't transferred directly to an eligible plan, 20% of the distribution is withheld by the payor.
Keogh Plan: Retirement Savings for Self-Employed Individuals
A Keogh Plan, also known as an H.R. 10 Plan, is a retirement savings plan for self-employed individuals and unincorporated businesses. Understand the types, benefits, and special considerations.
Past Service Liability: An Overview of Pension Plan Funding
Comprehensive guide on Past Service Liability focusing on funding employee pension benefits for prior service. Insightful discussion on cost implications and future benefit financing.
Pension Equity Plan (PEP): Lump Sum Defined-Benefit Pension Plan
A comprehensive exploration of the Pension Equity Plan (PEP), a type of defined-benefit pension plan offering a lump sum based on age, service, and final average pay.
Pension Plan Funding: Group Deposit Administration Annuity
A detailed overview of Group Deposit Administration Annuity in Pension Plan Funding, exploring its structure, benefits, and operational mechanics.
SIMPLE IRA: Salary Reduction Plan for Small Employers
SIMPLE IRAs are a type of retirement plan that qualifying small employers with no more than 100 employees can offer to their employees. This plan allows self-employed individuals to contribute as well, facilitating tax-deferred retirement savings.
Simplified Employee Pension Plan: Retirement Savings for Small Business
A Simplified Employee Pension Plan (SEP) is a retirement plan that provides business owners with a simplified method to contribute toward their employees’ retirement and their own retirement savings.

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