Match the terms relating to the basic terminology and concepts associated with self-directed retirement programs on the left with the descriptions of the terms on the right. Read each description carefully and type the letter of the description in the Answer column next to the correct term. These are not necessarily complete definitions, but there is only one possible answer for each term. Term Answer Description Keogh plan A. 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 $98,000 ($61,000 for single taxpayers. SEP plan B For people in their 30s and 40s, a Roth IRA is an appropriate investment decision. If you change jobs, arrange for your IRA funds to transfer from one Individual retirement C. arrangement firm to another. Traditional IRA D. It requires that a form be completed designating it as this type of account and makes the institution its trustee. Nondeductible IRA E. Regardless of income level or participation in an employer retirement plan, a contribution made with after-tax dollars can open this type of account. Roth IRA F. 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. Aimed at small-business owners, this plan is just like a Keogh plan Self-directed G. retirement plan Withdrawal H. Two basic types of retirement programs-Keogh and SEP (for self-employed individuals)-and IRAS allow individuals to set up their own tax-sheltered retirement plans. C I. Rollover Like contributions to 401(k) plans, payments from this account may be taken as deductions from taxable income A possible investment J. At age 70 1/2, you must start, except if have a Keogh account and are gainfully employed or you have a Roth IRA. decision ui Match the terms relating to the basic terminology and concepts associated with self-directed retirement programs on the left with the descriptions of the terms on the right. Read each description carefully and type the letter of the description in the Answer column next to the correct term. These are not necessarily complete definitions, but there is only one possible answer for each term. Term Answer Description Keogh plan A. 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 $98,000 ($61,000 for single taxpayers. SEP plan B For people in their 30s and 40s, a Roth IRA is an appropriate investment decision. If you change jobs, arrange for your IRA funds to transfer from one Individual retirement C. arrangement firm to another. Traditional IRA D. It requires that a form be completed designating it as this type of account and makes the institution its trustee. Nondeductible IRA E. Regardless of income level or participation in an employer retirement plan, a contribution made with after-tax dollars can open this type of account. Roth IRA F. 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. Aimed at small-business owners, this plan is just like a Keogh plan Self-directed G. retirement plan Withdrawal H. Two basic types of retirement programs-Keogh and SEP (for self-employed individuals)-and IRAS allow individuals to set up their own tax-sheltered retirement plans. C I. Rollover Like contributions to 401(k) plans, payments from this account may be taken as deductions from taxable income A possible investment J. At age 70 1/2, you must start, except if have a Keogh account and are gainfully employed or you have a Roth IRA. decision ui