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  2. 401(k) - Wikipedia

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

    Withdrawal of funds. Generally, a 401(k) participant may begin to withdraw money from his or her plan after reaching the age of 59 + 1 ⁄ 2 without penalty. The Internal Revenue Code imposes severe restrictions on withdrawals of tax-deferred or Roth contributions while a person remains in service with the company and is under the age of 59 + 1 ...

  3. SIMPLE IRA - Wikipedia

    en.wikipedia.org/wiki/SIMPLE_IRA

    Early withdrawal penalty. If a participant under the age of 59.5 wishes to take a distribution and it has been less than two years since their first contribution into the plan, they could be penalized up to 25% (10% if more than two years) by the Internal Revenue Service.

  4. Comparison of 401(k) and IRA accounts - Wikipedia

    en.wikipedia.org/wiki/Comparison_of_401(k)_and...

    See full rules. Tax-exempt earnings on contributions available up to incomes of $208,000, depending on tax filing status. See full rules and Backdoor Roth IRA Contributions. (Traditional) 401(k) Roth 401(k) Traditional IRA Roth IRA; Distributions Distributions can begin at age 59½ or if owner becomes disabled.

  5. Self-directed IRA - Wikipedia

    en.wikipedia.org/wiki/Self-directed_IRA

    The complexity of the rules for self-directed IRA's prompted the SEC to issue a public notice in 2011 against an increased risk of fraud. Internal Revenue Service (IRS) regulations require that a qualified trustee, or custodian, hold IRA assets on behalf of the IRA owner. The trustee/custodian provides custody of the assets, processes all ...

  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. 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, 2020, TSP has approximately 6.2 million participants (of which approximately 3.8 million are actively participating through payroll deductions), and more than $735.2 billion in assets under management; it is the ...

  8. Registered retirement savings plan - Wikipedia

    en.wikipedia.org/wiki/Registered_Retirement...

    A registered retirement savings plan (RRSP) (French: régime enregistré d'épargne-retraite, REER), or retirement savings plan (RSP), is a type of financial account in Canada for holding savings and investment assets.

  9. Individual retirement account - Wikipedia

    en.wikipedia.org/wiki/Individual_retirement_account

    Types. There are several types of IRAs: Traditional IRA – Contributions are often tax-deductible (often simplified as "money is deposited before tax" or "contributions are made with pre-tax assets"), all transactions and earnings within the IRA have no tax impact, and withdrawals at retirement are taxed as income (except for those portions of the withdrawal corresponding to contributions ...