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