Match the self$-$directed retirement program terms on the right with the descriptions of the terms on the left. $($Hint: These are not necessarily complete definitions, but there is only one possible answer for each term.$)$

Description

Term

An individual, who decides which investments to buy and sell, designs this retirement plan.

Self$-$directed retirement plans

With no special record$-$keeping requirements or forms to file, an IRA can be an excellent vehicle for sheltering income from taxes.

Couples filing jointly with adjusted gross incomes of up to $$193,000($ $$131,000$ for single filers$)$ can open this type of account, without regard to participation in an employer retirement program.

Roth IRA

If you change jobs and take the money directly, you are subject to a $20\%$ withholding tax.

Rollover

Couples filing jointly $($even when participating in a retirement plan at their places of work$)$ can open this type of account as long as their adjusted gross income is less than $$193,000.$

Traditional IRA