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Rollover can involve a number of actions, but often refers to the transfer of assets from one pension plan to another without paying taxes. When a rollover occurs, it may mean that the person has reinvested funds from the maturing security into a new issue of the same or a similar security. When a direct transfer of funds occurs in a pension plan, the funds can be sent directly to a new investment vehicle. 401(a) Plan
September 25, 2022 The 401(a) plan is employer-sponsored and both employer and employee can contribute. 403(b) Plan
September 25, 2022 403(b)s are retirement savings plans that serve employees of public schools and tax-exempt organizations. 457 Plan
September 25, 2022 Plan 457 is an IRS-sanctioned retirement plan for employees with tax benefits. After-Tax Contribution
September 25, 2022 After-tax contributions can be made to the Roth account. Deferred Compensation
September 25, 2022 Deferred compensation plans are an incentive that employers use to keep key employees. Employee Retirement Income Security Act (ERISA)
September 25, 2022 ERISA is a federal law that sets standards for certain employer-sponsored retirement plans and rules for plan trustees. Highly Compensated Employee
September 25, 2022 A highly paid employee is defined as an employee who owns more than 5% of the business at any time during the year or the previous year. Home Buyers' Plan (HBP)
September 25, 2022 The Home Buyers Plan (HBP) is a Canadian government incentive program designed to help first-time homebuyers using retirement savings. Locked-In Retirement Account (LIRA)
September 25, 2022 A Locked-In Retirement Account (LIRA) is a Canadian cumulative retirement account funded by money transferred from an employer-sponsored retirement plan by the beneficiary of the account. Profit-Sharing Plan
September 25, 2022 The Profit Sharing Plan gives employees a share of their company’s profits based on its quarterly or annual earnings. Provident Fund
September 25, 2022 The Reserve Fund is a mandatory government-managed pension savings system used in Singapore, India and other developing countries. Qualified Retirement Plan
September 25, 2022 A qualified retirement plan is IRS compliant and offers certain tax benefits. Rule 72(t)
September 25, 2022 Rule 72(t) allows you to withdraw funds from your IRA early without penalty. Teacher Retirement System (TRS)
September 25, 2022 The Teachers’ Retirement System (TRS) is a network of state-level organizations that primarily administer pensions and other retirement plans for teachers. Unemployment Compensation Amendments of 1992
September 25, 2022 The Unemployment Benefits Amendments of 1992 are laws that allow an employee who has lost a job to transfer their employer-sponsored retirement savings to an individual retirement account (IRA) or other qualified retirement plan without tax implications. 401(k) Plan
September 25, 2022 A 401(k) plan is a company-sponsored retirement account that employees can contribute income to and employers can contribute to. 408(k) Plan
September 25, 2022 A 408(k) is an employer-sponsored pension plan similar to a 401(k). 412(i) Plan
September 25, 2022 The 412(i) plan was a defined benefit plan designed for small business owners in the United States. AARP
September 25, 2022 AARP is a non-profit, non-partisan organization that empowers retirees to choose how they live in old age. Accumulation Phase
September 25, 2022 The accumulation phase refers to the period of a person’s life during which he saves money for retirement. Annuitant
September 25, 2022 An annuitant is an investor or beneficiary of a pension plan who is entitled to regular pension payments or annuity investments. Annuitization
September 25, 2022 Annuitization is the process of converting an annuity investment into a series of periodic income payments. Annuity
September 25, 2022 Annuities are financial products that offer a guaranteed income stream, typically for retirees. Annuity Due
September 25, 2022 An annuity payment is an annuity that must be paid immediately at the beginning of each period. Annuity Table
September 25, 2022 An annuity table is a tool used to determine the current value of an annuity.