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Debt retirement |
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Debt retirementThe complete repayment of debt. See: Sinking fund.Debt retirement Similar MatchesIndividual Retirement Account (IRA)Individual Retirement Account (IRA)A retirement account that may be established by an employed person. IRA contributions are tax deductible according to certain guidelines, and the gains in the account are tax-deferred. Employee Retirement Income Security ActEmployee Retirement Income Security ActIn the US, a federal law introduced for the protection of participants in private pension plans. Tax deferred retirement plansTax deferred retirement plansEmployer-sponsored and other plans that allow contributions and earnings to be made and accumulate tax-free until they are paid out as benefits. Individual retirement accountIndividual retirement accountIn the US, a tax-deferred retirement savings account which may be set up by people in employment. IRA contributions are tax deductible irrespective of income if neither spouse is a member of a qualified plan or trust. A person who is a member of a qualified plan may still deduct IRA contributions providing adjusted gross income is below a certain level. Although savings grow tax free over the term of the plan, when pension benefits are taken, they will be liable to tax. Unfunded unapproved retirement benefits schemeUnfunded unapproved retirement benefits schemeAn unfunded occupational pension scheme that is not designed to be approved by the Pension Schemes Office. Further Suggestionsnormal retirement agephased retirement Registered Retirement Savings Plan (RRSP) Employee Retirement Income Security Act (ERISA) IRA (individual Retirement Account) Retirement retirement annuity contract (RAC) Bonds Enabling Annual Retirement Savings (BEARS) Normal retirement retirement relief Retirement Protection Act of 1994 early retirement normal retirement date |
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