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