IRA Terminology

123456789101112
Across
  1. 1. Minimum amounts you must withdraw from your retirement accounts each year
  2. 6. Retirement account that lets your earnings grow tax-deferred. You pay taxes on your investment gains only when you make withdrawals
  3. 10. Person or persons named to receive the balance of the IRA in the event of the owner’s death
  4. 11. Moving funds from an existing Traditional IRA into a Roth IRA
  5. 12. The money you deposit into an IRA
Down
  1. 2. Withdrawals taken from an IRA
  2. 3. Educational Savings plan that takes only nondeductible contributions made for the benefit of a minor
  3. 4. A plan set up for the benefit of one person to save for retirement. Must be titled in an individual name while the owner is alive
  4. 5. Moving funds from one IRA to another by taking possession of the funds and putting them back into an IRA within 60 days
  5. 7. Retirement account that lets you invest money you've already paid taxes on
  6. 8. Non-Qualified Employer Plan where employer makes contributions for qualifying employees up to 25% of compensation
  7. 9. When funds are moved directly from one IRA to another, typically between different financial institutions, without the money being distributed to the individual