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  2. Thrift Savings Plan - Wikipedia

    en.wikipedia.org/wiki/Thrift_Savings_Plan

    The Thrift Savings Plan ( TSP) is a defined contribution plan for United States civil service employees and retirees as well as for members of the uniformed services. As of December 31, 2021, TSP has approximately 6.5 million participants (of which approximately 3.9 million are actively participating through payroll deductions), and more than ...

  3. Federal Retirement Thrift Investment Board - Wikipedia

    en.wikipedia.org/wiki/Federal_Retirement_Thrift...

    The Thrift Savings Plan is a tax-deferred defined contribution plan similar to a private sector 401(k) plan. The Thrift Savings Plan is one of the three parts of the Federal Employees Retirement System, and is the largest defined contribution plan in the world. As of August 2021, the board manages $794.7 billion in assets on behalf of 6.4 ...

  4. Individual retirement account - Wikipedia

    en.wikipedia.org/wiki/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.

  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. Retirement Basics: Thrift Savings vs. 401(k) Plans - AOL

    www.aol.com/news/thrift-savings-plans-vs-401...

    Thrift savings plans and 401(k)s are two types of retirement plans. We go over the characteristics of each type of plan. Thrift savings plans and 401(k)s are two types of retirement plans. ...

  7. Retirement and Taxes: How Your 401(k) and IRA Could Be ... - AOL

    www.aol.com/retirement-taxes-401-k-ira-112028982...

    The catch-up contribution limit for employees ages 50 and over who participate in a 401(k), 403(b), most 457 plans and the federal government’s Thrift Savings Plan rose to $7,500 from $6,500 in ...

  8. Roth IRA - Wikipedia

    en.wikipedia.org/wiki/Roth_IRA

    A Roth IRA is an individual retirement account (IRA) under United States law that is generally not taxed upon distribution, provided certain conditions are met. The principal difference between Roth IRAs and most other tax-advantaged retirement plans is that rather than granting a tax reduction for contributions to the retirement plan, qualified withdrawals from the Roth IRA plan are tax-free ...

  9. IRA vs. 401(k): 6 Tips for Choosing the Best Retirement Plan ...

    www.aol.com/finance/ira-vs-401-k-6-182711778.html

    The individual retirement account vs. 401(k) debate is an opportunity to think about retirement savings -- particularly the benefits of tax-advantaged accounts. Although both types of retirement...

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