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9.1 Retirement Income From Savings

Across
Is a specific point in a person's life where he or she stops working.
Individual retirement account
This is money that is deducted from your income after taxes have been deducted.
is a tax-deferred retirement savings program for employees of educational institutions and some non-profit organizations.
When people continue to work at a full- or part-time job out of choice or financial necessity
is a savings plan in which the income generated by the account is tax-deferred until it is withdrawn from that account.
free from taxes
Down
is a savings plan in which the income generated by the account is tax-deferred until it is withdrawn from that account.
is a retirement savings plan that is sponsored by an employer for its employees.
an individual retirement account allowing a person to set aside after-tax income up to a specified amount each year. Both earnings on the account and withdrawals after age 59½ are tax-free.
refers to investments on which applicable taxes are paid at a future date instead of in the period in which they are incurred.
is a deposit made to a retirement account that is taken out of your wages before taxes have been calculated and deducted.
is a retirement savings plan for a self-employed professional or the owner of a small business.