Glossary of Retirement Planning Terms
Looking at the 401(k) enrollment form but not sure what tax-deferred means or whether you have an employer matching program in the first place? Learn the key terms for retirement planning here.
Mutual Fund
Definition of a mutual fund
Definition of a mutual fund
Inflation
Definition of the inflation
Definition of the inflation
Diversification
Definition of diversification
Definition of diversification
Asset Allocation
Definition of Asset Allocation
Definition of Asset Allocation
401(k) Plan
Definition of a 401(k) retirement plan
Definition of a 401(k) retirement plan
Cash Balance Plan Definition
Definition of a Cash Balance retirement plan.
Definition of a Cash Balance retirement plan.
Contingent Beneficiary Definition
Definition of a contingent beneficiary.
Definition of a contingent beneficiary.
Contribution Percentage Definition
Definition of a contribution percentage.
Definition of a contribution percentage.
Cost of Living Allowance (COLA)
Definition of a cost of living allowance for Social Security recipients
Definition of a cost of living allowance for Social Security recipients
Defined Benefit Plan Definition
Definition of a defined benefit (DB) plan.
Definition of a defined benefit (DB) plan.
Defined Contribution Plan Definition
Definition of a defined contribution (DC) plan.
Definition of a defined contribution (DC) plan.
Employer Matching Program
Definition of an employer matching program for a 401(k) plan
Definition of an employer matching program for a 401(k) plan
Individual Retirement Account (IRA)
Definition of a regular individual retirement account
Definition of a regular individual retirement account
Investment Portfolio Definition
Definition of an investment portfolio.
Definition of an investment portfolio.
Money Purchase Plan Definition
Definition of a money purchase plan.
Definition of a money purchase plan.
Non-qualified Retirement Plan Definition
Definition of a non-qualified retirement plan.
Definition of a non-qualified retirement plan.
Primary Beneficiary Definition
Definition of a primary beneficiary.
Definition of a primary beneficiary.
Profit-Sharing Plan Definition
Definition of a profit-sharing plan.
Definition of a profit-sharing plan.
Qualified Retirement Plan Definition
Definition of a qualified retirement plan.
Definition of a qualified retirement plan.
Required Minimum Distribution
Definition of a Required Minimum Distribution (RMD) from a qualified retirement plan such as a 401(k) or IRA
Definition of a Required Minimum Distribution (RMD) from a qualified retirement plan such as a 401(k) or IRA
Roth Individual Retirement Account
Definition of a Roth individual retirement account
Definition of a Roth individual retirement account
Social Security
Definition of Social Security Retirement Plan Benefits
Definition of Social Security Retirement Plan Benefits
Spousal IRA Definition
Definition of a spousal IRA.
Definition of a spousal IRA.
Target Benefit Plan Definition
Definition of a target benefit plan.
Definition of a target benefit plan.
Tax-Deferred
Definition of tax-deferred growth available through many qualified retirement plans
Definition of tax-deferred growth available through many qualified retirement plans
Tax-Free
Definition of tax-free growth available through a Roth IRA
Definition of tax-free growth available through a Roth IRA
Vesting Definition
Definition of Vesting
Definition of Vesting