| Defined-Contribution Plan | |
 A retirement plan wherein a certain amount or percentage of money is set aside each year for the benefit of the employee. There are restrictions as to when and how you can withdraw these funds without penalties. |
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 There is no way to know how much the plan will ultimately give the employee upon retiring. The amount contributed is fixed, but the benefit is not. |
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 Introductory Tour through Retirement Plans - Here you will find tutorials that are each devoted to one the most common retirement plans, explaining how to establish, fund, and then take distributions from it. Keeping Track Of Your Assets - Maintain records of your pension benefits or risk losing them. |
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Related Terms
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