Match the self-directed retirement program terms on the right with the descriptions of the terms complete definitions, but there is only one possible answer for each term.) Description 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 Similar to 401(k) plans, payments from this account may be taken as deductions from taxable income. With no special record-keeping requirements or forms to tie, an IRA can be an excellent vehicle for sheltering income from taxes With this account, all withdrawals from the account are tax free provided that the account has been open for at least five years and the individual is past age 59 1/2 Although dependent on several variables, any gainfully employed person can have this type of account Individual retirement arrangement (or account) Investment decisions Keogh plans Nondeductible IRA Rollover Roth IRA Self-directed retirement plans SEP plan Traditional IRA Withdrawals