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  2. SIMPLE IRA - Wikipedia

    en.wikipedia.org/wiki/SIMPLE_IRA

    Like a 401(k) plan, the SIMPLE IRA can be funded with pre-tax salary contributions, but those contributions are still subject to Social Security, Medicare, and Federal Unemployment Tax Act taxes. Contribution limits for SIMPLE plans are lower than for most other types of employer-provided retirement plans as compared to conventional defined ...

  3. 6 types of retirement income that aren’t taxable [Video]

    www.aol.com/finance/6-types-retirement-income...

    Roth Withdrawals The easiest way to avoid taxes on your retirement money is to use a Roth account. Both IRA and 401(k) plans can be structured as Roth accounts, which don't offer a tax deduction ...

  4. Congressional pension - Wikipedia

    en.wikipedia.org/wiki/Congressional_pension

    This new plan was enacted as the Federal Employees' Retirement Act of 1986. This act created the Federal Employees Retirement System (FERS), under which new Members of Congress are currently covered. When the FERS program went into effect, all Members elected in 1984 or later were automatically enrolled in the new plan.

  5. 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 ...

  6. Nonqualified deferred compensation - Wikipedia

    en.wikipedia.org/wiki/Nonqualified_deferred...

    Basics. In describing a "non-qualified deferred compensation plan", we can consider each word. Non-qualified: a "non-qualified" plan does not meet all of the technical requirements imposed on "qualified plans" (like pension and profit-sharing plans) under the IRC or the Employee Retirement Income Security Act (ERISA).

  7. Self-employment - Wikipedia

    en.wikipedia.org/wiki/Self-employment

    Estimated taxes must be paid quarterly using form 1040-ES if estimated tax liability exceeds $1,000. 401(k) retirement account. Self-employed workers cannot contribute to a company-run 401(k) plan of the type with which most people are familiar. However, there are various vehicles available to self-employed individuals to save for retirement.

  8. Tax - Wikipedia

    en.wikipedia.org/wiki/Tax

    A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the ...

  9. Stock appreciation right - Wikipedia

    en.wikipedia.org/wiki/Stock_Appreciation_Right

    ERISA (the Employee Retirement Income Security Act of 1974) is the federal law that governs retirement plans. It does not allow non-ERISA plans to operate like ERISA plans, so the plan could be ruled subject to all the constraints of ERISA. This does not necessarily have to be a problem, because ERISA is not a valid law in most countries.