retirement contribution
Future fund payment
A retirement contribution is money deposited into a retirement savings account such as a 401(k), IRA, or pension plan.
Contributions may come from the worker, the employer, or both: My company matches retirement contributions up to six percent.
Tax laws typically limit how much can be contributed annually and may offer tax advantages for contributing.
- 401kEmployer-sponsored retirement savings
- employer matchCompany duplicates worker savings
- pensionRetiree's ongoing benefit
- IRATax-advantaged retirement fund
- savingsAccumulated money kept
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Non-obligatory personal expenditures
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Accessing deferred compensation funds
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High-interest short-term borrowing
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