Examlex
Which of the below represents the definition of information management?
Deductible IRA Contribution
An investment in an Individual Retirement Account that can be deducted from gross income for tax purposes, thus reducing taxable income.
Pension Plan
A type of retirement plan typically sponsored by employers that provides monthly income to employees after they retire.
Defined-contribution Plans
Retirement plan wherein employees contribute a fixed amount or a percentage of their paychecks into an account that is intended to fund their retirements.
Maximum Contribution Limits
The highest amount that can be contributed to a retirement plan, savings account, or other tax-advantaged account in a given period without incurring penalties.
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