retirement account
Future income fund
A retirement account is a tax-advantaged investment account designed to hold savings for old age.
Common types include 401(k)s, IRAs, and pensions.
Contributions or earnings typically grow tax-free or tax-deferred until withdrawal.
Early withdrawals usually incur penalties: She couldn't touch her retirement account until age 59½ without paying a fee.
- ERISABenefits regulation abbreviation
- IRATax-advantaged retirement fund
- pensionRetiree's ongoing benefit
- superannuationRetirement savings scheme
- 401(k)Tax-advantaged retirement savings account
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- tax shelterstax shelter, 401(k), 401k, IRA, Roth IRA
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- accountschecking, savings, 401k, IRA, Roth IRA
- Retirement Incomepension, Social Security, 401k, IRA, annuity
retirement accountchecking account
Bank deposit for transactions
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