Caution: Under EGTRRA's "sunset" provision, the laws governing retirement account contributions will apply beginning in 2011 as if the 2001 Act had never been enacted, unless Congress acts to the contrary.

What is Retirement Planning?           

Retirement planning is the process of planning for one's income needs during retirement. Usually, there are three main sources of retirement income—

• Social Security
• employer qualified retirement plan benefits, and
• personal savings and investments.

Retirement planning consists of marshaling the resources from all of these to assure a financially rewarding retirement.

The Retirement Plans section of Advanced Markets Online focuses on employer-sponsored retirement plans and other related subjects. This includes an examination of—

• qualified retirement plans in all their manifold varieties—defined benefit plans, defined contribution plans of the money purchase pension and profit sharing types, target benefit plans, Keogh plans for the self-employed, and section 401(k) plans;
• simplified employee pension plans (SEPs),
• SIMPLE retirement plans,
• individual retirement accounts or annuities (IRAs), including Roth IRAs,
• Section 403(b) plans, also called tax-sheltered annuities or TSAs,
• rollovers, direct rollovers, and direct plan-to-plan transfers,
• Section 457 deferred compensation plans for certain employees in the government and not-for-profit sectors of the economy,
• survivor supplemental retirement income funded with life insurance.

 

Copyright Ó 2005, Pentera Group, Inc., 5546 Shorewood Drive, Indianapolis, Indiana 46220. All rights reserved.