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This is a comparison between 401(k), Roth 401(k), and Traditional Individual Retirement Account and Roth Individual Retirement Account accounts, four different types of retirement savings vehicles that are common in the United States
PITI must come directly from one of the borrower's seasoned asset accounts that can be verified. Acceptable verifiable accounts include VODs (Verification of Deposit), checking accounts, savings accounts, 401k and other retirement plans, and stocks. Each bank or lender's asset and reserve requirements will vary.
In Australia, superannuation, or just "super", is compulsory for all people who have worked and reside in Australia.The balance of a person's superannuation account, or for many people, accounts, is then used to provide an income stream when retiring.