THE LANGUAGE OF RETIREMENT PLANNING
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SEP-IRA . . . 401(k) . . . SIMPLE. Listening to someone in Human Resources talk about your retirement plan can be like eavesdropping on an extraterrestrial!

To understand your retirement planning options, it will help to learn the names and terms you will encounter. This tutorial defines terms that are commonly used in retirement planning. It covers specific vehicles for retirement (for example, IRAs and pensions) as well as general terms. We have organized the definitions alphabetically, according to the following topics:

• Basic Retirement Terms
• COMMON RETIREMENT PLANS
• RETIREMENT ANNUITY TERMS
• INDIVIDUAL RETIREMENT ACCOUNT TERMS
• RETIREMENT PLAN BENEFITS TERMS
• RETIREMENT PLAN TAX TERMS
• SUMMARY OF THE LANGUAGE OF RETIREMENT PLANS

We will begin with some basic terms.