InvestorWords.com

retirement plan

Definition

A savings and investment plan that provides income during retirement. It is often created by companies or the government for employees. A defined benefit plan and a defined contribution plan are both types of retirement plans.

Featured Tip

For those without a Retirement PlanIf you have no retirement plan at work, contribute to a traditional IRA or a Roth IRA. Your contributions to your 401(k) or IRA are tax-deferred, so that you don't pay any income taxes on your contrib ... Read more

Additional Tip(s)

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Nearby Terms

retirement
retirement age
Retirement Equity Act of 1984
retirement income fund (RIF)
retirement pension
retirement plan
retirement planning
Retirement Protection Act of 1994
retirement readiness
retracement
retracement levels

Popular 'Retirement' Terms

annuity
OASDI
deferred compensation
Social Security
IRA
qualified retirement plan
annuitant
non-qualified retirement plan
liquid net worth
401(k) plan

Related Terms

pension
403(b) plan
accumulation period
after-tax contributions
beneficiary
contribution
deferred compensation
Determination Letter
employee contribution
Employee Stock Ownership Plan

Mentioned in these terms

tax-deferred retirement plan
Chartered Retirement Planning Counselor (CRPC)
qualified retirement plan