Description Term Answer Keogh plan A. An individual, who decides which investments to buy and sell, designs this retirement plan. B. This type of account can be opened by anyone without a retirement SEP plan plan at his or her place of employment, regardless of income level. Individual retirement C. With this account, all withdrawals from the account are tax free provided that the account has been open for at least five years and arrangement the individual is past age 59 1/2. Traditional IRA With no special record-keeping requirements or forms to file, an IRA can be an excellent vehicle for sheltering income from taxes. Nondeductible IRA E. If you change jobs, arrange for your IRA funds to transfer from one firm to another F. Although dependent on several variables, any gainfully employed Roth IRA person can have this type of account. Self-directed G. With this type of account, earnings accrue tax free and are not retirement plan subject to tax until they are withdrawn (after the individual reaches age 59 1/2) Withdrawal H. For small-business owners, particularly those with no employees, this plan is simple and easy to administer. Rollover I. At age 70 1/2, you must start, except if have a Keogh account and are gainfully employed or you have a Roth IRA A possible investment J. Introduced in 1962, this plan allows self-employed individuals to set up tax-deferred retirement plans or accounts for themselves and decision their employees. Description Term Answer Keogh plan A. An individual, who decides which investments to buy and sell, designs this retirement plan. B. This type of account can be opened by anyone without a retirement SEP plan plan at his or her place of employment, regardless of income level. Individual retirement C. With this account, all withdrawals from the account are tax free provided that the account has been open for at least five years and arrangement the individual is past age 59 1/2. Traditional IRA With no special record-keeping requirements or forms to file, an IRA can be an excellent vehicle for sheltering income from taxes. Nondeductible IRA E. If you change jobs, arrange for your IRA funds to transfer from one firm to another F. Although dependent on several variables, any gainfully employed Roth IRA person can have this type of account. Self-directed G. With this type of account, earnings accrue tax free and are not retirement plan subject to tax until they are withdrawn (after the individual reaches age 59 1/2) Withdrawal H. For small-business owners, particularly those with no employees, this plan is simple and easy to administer. Rollover I. At age 70 1/2, you must start, except if have a Keogh account and are gainfully employed or you have a Roth IRA A possible investment J. Introduced in 1962, this plan allows self-employed individuals to set up tax-deferred retirement plans or accounts for themselves and decision their employees