IRA's & 401K's
Individual retirement account in which contributions are tax-deductible, but withdraws are taxed.
Traditional IRA
Self-employed retirement plan that allows tax-deductible contributions for an employer and his or her employees.
Solo 401 k plan
Tax-deferred retirement plan for businesses with over 100 or fewer employees; short for Savings Incentive Match Plan for Employees of Small Employers.
SIMPLE IRA
Retirement plan available to employees of nonprofit organizations.
403 b plan
Legal process of settling the affairs of an estate, paying final expenses and distributing the balance of money and property to beneficiaries.
Probate
Retirement plan in which an employee and/or employer contributes to the employee's individual account under the defined plan.
Defined-contribution plan
Retirement plan that makes regular payments to a retiree until his or her death.
Defined- benefit plan
What is Mr. Bartley's middle name?
Lee
Employer- sponsored retirement plan that allows an individual to deposit part of his or her earnings into a tax-deferred investment
401 k plan
Tax-deferred retirement plan that allows a business owner to open an IRA and make tax-deductible contributions; short for Simplified Employer Pension Individual Retirement Account.
SEP IRA
Individual retirement arrangement in which individuals contribute after-tax income, but qualified withdraws are not taxed.
Roth IRA
How many Reindeer does Santa have? (Not counting Rudolph of course?
8
Contract with an insurance company that provides regular income for a set period of time.
Annuity
Personal account for setting money aside for retirement.
Individual retirement account (IRA)
Employer-sponsored retirement plan in which contributions are made with after-tax earnings, but withdraws are not taxed.
Roth 401 k
Geese a Laying
Type of defined- contribution retirement plan that does not have required minimum distribution rules and is available primarily to governmental employees.
457 plan
Type of individual retirement account that allows a working spouse to contribute to the retirement savings of a nonworking spouse.
Spousal IRA
Document that explains, changes, or deletes provisions in a will.
Codicil
How many full days are between Christmas Day and Mr. Bartley's birthday?
2. The 26th and 27th.