A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related MoneyPedia terms
- Traditional IRAA retirement account where you often deduct contributions now and pay taxes later when you withdraw the money.
- 401(k)A retirement account through your job, often with an employer match — free money for saving.
- Qualified Charitable DistributionA transfer of money directly from your IRA to a charity that can satisfy your required withdrawal without added tax.
- Roth ConversionMoving money from a pre-tax retirement account into a Roth account and paying the taxes now for tax-free growth later.
- Tax-Deferred GrowthInvestment gains that build up untaxed inside a retirement account until you withdraw the money later.
- Retirement AgeThe age at which you choose to stop working, which affects your savings, Social Security timing, and Medicare eligibility.
More in Retirement
Plain-English education — not personalized legal, tax, or investment advice.