401k
defined contribution plan offered by a corporation to its employees, which allows employees to set aside tax-deferred income for retirement purposes
403B
retirement plan similar to a 401 k plan, but one that is offered by non-profit organizations, such as hospitals, schools, and some charitable organizations, rather than corporations
457 plan
non-qualified, deferred compensation plan established by state and local governments for tax-exempt government agencies and tax exempt government agencies and tax exempt employees
529 plan
college savings plan that allows individuals to save on a tax-deferred basis in order to fund future college and graduation school expenses or a child or beneficiary
Direct Transfer
movement of tax-deferred retirement plan money from one qualified plan or custodian to another
ESA
after tax college fund that grows tax-free for educational uses; eligibility based on parents' annual income
IRA
tax-deferred arrangement for individuals with earned income and their non-income producing spouses; growth is not taxed until money is withdrawn
Rollover
movement of funds from a tax-deferred retirement plan from one qualified plan or custodian to another
SEPP
pension plan in which both the employee and the employer contribute to an individual retirement account
Tax-Favored Dollars
money that is working for you, either tax-deferred or tax free, within a retirement plan
UGMA
legislation that provides a tax-effective manner of transferring property to minors without the complications of trusts or guardianship restrictions
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