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2. 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.

3. Here are the 4 levels of wealth for American retirees — how ...

   www.aol.com/finance/4-levels-wealth-american...

   Chances are, you have a larger retirement account balance than the $609,000 national average. Elite level of retirement wealth Retirees in the category are in a fantastic position.

4. Retirement plans in the United States - Wikipedia

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

   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.

5. What is retirement planning? - AOL

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

   There are several retirement accounts that come with tax advantages. Making regular contributions is made simple through employer-sponsored plans such as a 401(k) , and you may even get a matching ...

6. 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 ...

7. 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 ...