Retirement Glossary

R

Retirement income

The amount of income you will receive from qualified retirement plans, or the amount that you think you need annually to live on.

Rollover

The process of moving one retirement account to another. Usually account rollovers need to be handled in a certain way to avoid taxes and/or penalties.

ROTH IRA

A type of individual retirement account in which your contributions are taxed, but your withdrawals are tax-free.

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