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  2. Retirement plans in the United States - Wikipedia

    en.wikipedia.org/wiki/Retirement_plans_in_the...

    Retirement plans are classified as either defined benefit plans or defined contribution plans, depending on how benefits are determined. In a defined benefit (or pension ) plan, benefits are calculated using a fixed formula that typically factors in final pay and service with an employer, and payments are made from a trust fund specifically ...

  3. Retirement - Wikipedia

    en.wikipedia.org/wiki/Retirement

    Retirement is the withdrawal from one's position or occupation or from one's active working life. A person may also semi-retire by reducing work hours or workload. Many people choose to retire when they are elderly or incapable of doing their job due to health reasons.

  4. Pension - Wikipedia

    en.wikipedia.org/wiki/Pension

    A traditional pension plan that defines a benefit for an employee upon that employee's retirement is a defined benefit plan. In the U.S., corporate defined benefit plans, along with many other types of defined benefit plans, are governed by the Employee Retirement Income Security Act of 1974 (ERISA).

  5. A complete guide to 401(k) retirement plans: What is a ... - AOL

    www.aol.com/finance/complete-guide-401-k...

    A 401(k) plan is a tax-advantaged retirement savings tool offered by employers that allows eligible employees to contribute a portion of their salary up to a set amount each year.

  6. Individual Retirement Arrangements (IRA): Definition, Types ...

    www.aol.com/finance/individual-retirement...

    If you're looking to save for retirement, you might be wondering whether an IRA is right for you. Learn about types of IRAs and their tax advantages and other benefits. Individual Retirement ...

  7. Social Security (United States) - Wikipedia

    en.wikipedia.org/wiki/Social_Security_(United...

    The Social Security program in the United States pays benefits to three broad categories of individuals: retired individuals and some family members, disabled persons and some family members, and survivors. Within these broad categories, the program defines more specific types of beneficiaries.