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  2. I'm a Senior. How Can I Increase My Retirement Income? - AOL

    www.aol.com/seniors-using-plan-retirement-income...

    The fund will pay 6% income from the target-date balance high mark, and if a participant’s account balance runs out before the end of his or her life, the product includes a guaranteed 4.5% ...

  3. Retirees spend almost all of their income in these 5 areas ...

    www.aol.com/finance/retirees-spend-almost-income...

    Homeowners face property taxes, insurance premiums, maintenance, and potential repairs, while renters must allocate a significant portion of their income to monthly rent payments.

  4. 5 money misconceptions that American retirees make over and ...

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    5. Medicare. Some survey respondents were also unfamiliar with Medicare — and, to be fair, it can be quite confusing. If you’ve paid into Medicare for at least 10 years, Part A (hospital ...

  5. 401(k) - Wikipedia

    en.wikipedia.org/wiki/401(k)

    401 (k) In the United States, a 401 (k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401 (k) of the U.S. Internal Revenue Code. [1] Periodic employee contributions come directly out of their paychecks, and may be matched by the employer.

  6. Employee Retirement Income Security Act of 1974 - Wikipedia

    en.wikipedia.org/wiki/Employee_Retirement_Income...

    List. The Employee Retirement Income Security Act of 1974 ( ERISA) ( Pub. L. 93–406, 88 Stat. 829, enacted September 2, 1974, codified in part at 29 U.S.C. ch. 18) is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry. It contains rules on the federal income tax effects of transactions ...

  7. SEP-IRA - Wikipedia

    en.wikipedia.org/wiki/SEP-IRA

    SEP-IRA. A Simplified Employee Pension Individual Retirement Arrangement ( SEP IRA) is a variation of the Individual Retirement Account used in the United States. SEP IRAs are adopted by business owners to provide retirement benefits for themselves and their employees. [1] There are no significant administration costs for a self-employed person ...

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