Retirement Terms

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Across
  1. 4. Benefit Plan: A pension plan in which the amount of benefits paid to an
  2. 7. age 65 or who collect Social Security for [OR INSTEAD OF FOR?] disability.
  3. 9. make tax-deductible contributions.
  4. 11. (Individual Retirement Account): A special type of account that allows investors
  5. 13. IRA, the contributions are not tax deductible
  6. 14. Contribution Plan: A pension plan wherein a certain amount or percentage
  7. 16. conditions to a person following retirement or to surviving dependents.
  8. 18. IRA: Roth IRAs allow investors who do not exceed a specific income level to
  9. 20. plan.
  10. 21. after retirement is fixed in advance in accordance with a formula given in
  11. 23. money is set aside each year (by either the company and/or the employee) for the
  12. 24. A type of defined contribution retirement account funded through pre-tax
Down
  1. 1. of the employee. There are restrictions as to when and how you can
  2. 2. include payment of hospital and medical expenses.
  3. 3. Benefits: Benefits (compensation in addition to salary) that may be provided
  4. 5. A federal program that provides some level of health benefits for people
  5. 6. Security: A federal benefits program developed in 1935, Social Security is
  6. 8. a limited amount of money toward retirement annually. Unlike the
  7. 10. these funds without penalties.
  8. 12. employees for sickness, accidental injury, or accidental death. These benefits
  9. 15. through a tax levied on employers and employees.
  10. 17. bonds, mutual funds or other assets, and are not taxed until they are
  11. 19. deductions. The funds in the account can be invested in a number of different
  12. 22. A sum of money paid regularly as a retirement benefit; money paid under