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2. Individual retirement account - Wikipedia

   en.wikipedia.org/wiki/Individual_retirement_account

   An individual retirement account [1] (IRA) in the United States is a form of pension [2] provided by many financial institutions that provides tax advantages for retirement savings. It is a trust that holds investment assets purchased with a taxpayer's earned income for the taxpayer's eventual benefit in old age.

3. Retirement plans in the United States - Wikipedia

   en.wikipedia.org/wiki/Retirement_plans_in_the...

   The number of defined benefit plans in the U.S. has been steadily declining, as more employers see pension funding as a financial risk they can avoid by freezing the plan and instead offering a defined contribution plan. Examples of defined contribution plans include individual retirement account (IRA), 401(k), and profit sharing plans.

4. Pension - Wikipedia

   en.wikipedia.org/wiki/Pension

   A traditional form of defined benefit plan is the final salary plan, under which the pension paid is equal to the number of years worked, multiplied by the member's salary at retirement, multiplied by a factor known as the accrual rate. The final accrued amount is available as a monthly pension or a lump sum, but usually monthly.

5. Lump sum payout vs. annuity from a pension: How to decide - AOL

   www.aol.com/finance/lump-sum-payout-vs-annuity...

   Financial health of your pension plan provider. Some pension funds struggle with underfunding issues. To stay informed about your plan’s health, you can access the plan’s Form 5500 on ...

6. What Is an Individual Retirement Account (IRA)? - AOL

   www.aol.com/individual-retirement-account-ira...

   An IRA is an individual retirement account. A 401(k) , on the other hand, is a retirement plan sponsored by a business. A 401(k) has higher contribution limits than an IRA, and it may also offer ...

7. Individual Retirement Arrangements (IRA): Definition, Types ...

   www.aol.com/finance/individual-retirement...

   For example, if you withdraw funds before the age of 59 ½, you might have to pay taxes and a 10% penalty. ... However, if you are a single person covered by a retirement plan at work, your IRA ...