Ch 5: Retirement Plans & Tax-Advantaged Accounts

About This Chapter

This chapter can be used for your review of retirement plans and tax-advantaged accounts. You can expect to go over information regarding a 457 plan, defined benefit plan, profit-sharing plan, stock options for employees, tax-advantaged accounts, and more.

Retirement Plans and Tax-Advantaged Accounts - Chapter Summary

You will be able to utilize the information in this chapter to review retirement plans and tax-advantaged accounts through brief text and video lessons. These lessons cover targeted elements including: rules and examples of profit sharing, the concept of stock options for employees, types of non-qualified retirement plans, and functions of tax-advantaged accounts. Once you have reached the end of this chapter you should have the knowledge to:

  • Give examples of a 457 plan
  • Explain a defined benefit plan
  • Discuss eligibility and taxation of tax advantaged accounts
  • Understand the Internal Revenue Code related to savings plans

Through the tools in this chapter and the convenience of delivery, you should be able to customize your study to get the most from your review. From easily identifiable vocabulary, lesson quizzes, video timelines, and the aid of subject-matter experts, you have a bundle of options to utilize as you work your way through this chapter.

8 Lessons in Chapter 5: Retirement Plans & Tax-Advantaged Accounts
Test your knowledge with a 30-question chapter practice test
ERISA Law: Explanation & Importance

1. ERISA Law: Explanation & Importance

In the U.S., individuals are primarily responsible for saving for retirement. A pivotal vehicle is employer-sponsored retirement plans. In this lesson, you'll learn about ERISA, which is an important law that regulates private sector benefit plans.

What Is a 457 Plan? - Definition & Examples

2. What Is a 457 Plan? - Definition & Examples

Many government and nonprofit workers have access to a special retirement savings account called a 457 plan. In this lesson, we'll explore what 457 plans are and how they differ from each other.

What is a Defined Benefit Plan? - Definition & Examples

3. What is a Defined Benefit Plan? - Definition & Examples

Let's take a look at how a defined benefit plan works and what sort of payment plans are available to employees as an alternative or supplementary benefit in retirement.

What is a Profit-Sharing Plan? - Definition, Rules & Example

4. What is a Profit-Sharing Plan? - Definition, Rules & Example

This lesson will provide an overview of profit sharing plans. Many businesses across the country have implemented these plans for the benefit of their employees, so this lesson will explore the plans and provide an example of how they operate.

What Are Stock Options for Employees? - Value & Concept

5. What Are Stock Options for Employees? - Value & Concept

There are many forms of employee compensation other than just a paycheck. Learn about employee stock options as a common form of incentive pay, including how to calculate the value and identify risks and benefits.

Non-Qualified Retirement Plan: Types & Examples

6. Non-Qualified Retirement Plan: Types & Examples

In this lesson we will define and give examples of the four common types of non-qualified retirement plans available to corporate executives and other highly compensated employees.

Tax Advantaged Accounts: Functions, Eligibility & Taxation

7. Tax Advantaged Accounts: Functions, Eligibility & Taxation

For years now, investors saving for college or retirement have had to navigate UGMAs versus 529 plans, 401(k)s and traditional versus Roth IRAs. In this lesson we discuss each account, including eligibility and requirements for each account.

Internal Revenue Codes Related to Savings Plans

8. Internal Revenue Codes Related to Savings Plans

This lesson deals with IRS codes related to specific types of savings accounts. You'll learn about their different characteristics and limits for savings plans under code 219, 415, 529 and 530.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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