Pension Plan

A retirement plan, usually tax exempt, wherein the employer makes contributions for the employee. Many pension plans are being replaced by the 401K.


There are restrictions as to when and how you can withdraw these funds without being charged taxes and penalties.



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.

Determining Your Post-Work Income - Setting a target amount is the first step. We show you how to calculate your goal and how to reach it.

Keeping Track Of Your Assets - Maintain records of your pension benefits or risk losing them.
Related Terms

401k

Canada Pension Plan (CPP)

IRA

Pension Shortfall

Registered Retirement Savings Plan (RRSP)

Roth IRA

Social Security

Superannuation

Word Search:

Categories