Examlex
The final step in designing a point plan involves _____.
Roth IRA
A type of individual retirement account where contributions are made with after-tax dollars, but withdrawals during retirement are tax-free.
Traditional IRA
A Traditional Individual Retirement Account (IRA) is a type of retirement savings account that allows an individual to make pre-tax contributions, with the investments growing tax-deferred until withdrawals begin at retirement age.
Liquidated Investments
Investments that have been converted into cash or a cash-equivalent, typically to meet short-term financial obligations or shifts in investment strategy.
Social Security Retirement Benefits
Government-provided payouts that individuals receive upon retirement, based on their earnings history and contributions to the Social Security system during their working years.
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