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2. Retirement plans in the United States - Wikipedia

   en.wikipedia.org/wiki/Retirement_plans_in_the...

   Types of retirement plans. Retirement plans are classified as either defined benefit plans or defined contribution plans, depending on how benefits are determined.. In a defined benefit (or pension) plan, benefits are calculated using a fixed formula that typically factors in final pay and service with an employer, and payments are made from a trust fund specifically dedicated to the plan.

3. Individual retirement account - Wikipedia

   en.wikipedia.org/wiki/Individual_retirement_account

   Individual retirement account. An individual retirement account [1] ( IRA) in the United States is a form of pension [2] provided by many financial institutions that provides tax advantages for retirement savings. It is a trust that holds investment assets purchased with a taxpayer's earned income for the taxpayer's eventual benefit in old age.

4. Retirement planning - Wikipedia

   en.wikipedia.org/wiki/Retirement_planning

   The goal of retirement planning is to achieve financial independence . The process of retirement planning aims to: [1] Assess readiness-to-retire given a desired retirement age and lifestyle, i.e., whether one has enough money to retire. Identify actions to improve readiness-to-retire. Acquire financial planning knowledge.

5. A complete guide to 401(k) retirement plans: What is a ... - AOL

   www.aol.com/finance/complete-guide-401-k...

   A 401 (k) plan is a tax-advantaged retirement savings tool offered by employers that allows eligible employees to contribute a portion of their salary up to a set amount each year. Unlike ...

6. What are pension plans? - AOL

   www.aol.com/finance/pension-plans-181440876.html

   Pension plan vesting is the process by which you earn the right to the full benefits of a retirement plan. Your ownership percentage typically increases each year until you’re fully vested based ...

7. Individual Retirement Arrangements (IRA): Definition, Types ...

   www.aol.com/finance/individual-retirement...

   A 401(k), on the other hand, is a corporate retirement plan sponsored by a business. As 401(k) administration can be expensive, these types of plans are usually only offered by larger employers ...