IRA
This type of account is only eligible for earned income
What is an IRA
In this all-or-nothing vesting method, you don’t own any employer contributions — until one magical anniversary when 100% becomes yours overnight.
What is cliff vesting
This 9-digit passport to adulthood is more than just for job apps — it tracks your future nest egg.
What is a Social Security Number
This retirement withdrawal rate is considered safe and a good rule of thumb
what is the 4% withdrawal rule?
Retirement plan based on preretirement compensation, age at retirement, and years of service
What is a defined benefit plan
Roth IRAs are retirement rebels — they don’t require these, even at 73.
What are Required Minimum Distributions (RMDs)
This type of fund requires no work in terms of asset allocation on your part and becomes increasingly conservative as you near retirement
What is a target date fund
The alphabet soup agency that makes sure your golden years are covered
What is the Social Security Administration
As of 2024, the IRS says you must start taking money out of an IRA by this age — or else.
What is 73
This is the name for the type of vesting where you vest a percentage each year until you reach 100%
What is Graded Vesting
This type of account is subject to a $165,000 income contribution limitation if you are single
What is Roth IRA
In 2025, individuals aged 50 and older have this unique opportunity to grow their retirement account
What is a catch up contribution
This type of Social Security payment provides financial support to the spouse or children of a deceased worker who qualified for benefits
What is a survivor benefit
This is the typical early withdrawal penalty for distributions made prior to age 59.5?
What is 10%
This type of plan involves the employer contributing a percentage of the employee’s salary into an employee’s account.
What is Defined Benefit Plan - Cash Balance
This retirement tactic involving moving retirement funds is commonly used when the taxpayer is in a lower tax bracket than expected to be in retirement
What is a Roth Conversion
This type of plan applies only to 501(c)(3) entities such as non profits with religious, charitable, scientific, literary or educational purposes
What is a 403(b) Plan
This milestone lets you collect your full Social Security benefit without a haircut.
What is the full retirement age (FRA)
Hardship, home purchase, and education are an example of….
What are exceptions to early withdrawal penalties
The earliest age you can tap into Social Security retirement — but your check gets a trim
What is age 62
Beneficiaries who inherit this type of retirement account generally must withdraw all funds within 10 years, unless they're an eligible designated beneficiary.
What is an inherited IRA
This is designed to ensure plans don’t mainly benefit high compensation employees who typically defer larger %’s of salary
What are Nondiscrimination requirements under ERISA
The year we fear, but that may be near, if nothing is done, there will be no fun as the fund drains like a water main
What is the year 2035
When a Roth IRA owner takes a distribution of earnings before age 59½ and before meeting the 5-year holding requirement, the distribution is typically treated this way for tax purposes
What is taxable and subject to a 10% penalty
This “retirement strategy” is one bonnie plans to live out in her retirement inspired by a book she read
What is die with zero