1.2.2.10 Retirement Accounts
Most of us would like to stop working at some point in our lives. In order to do that, we need to have a source of income after retirement and/or to have saved a sufficient amount of money to live on. To achieve this difficult task, most people rely on a formal retirement plan. A retirement plan is a savings or investment vehicle that is intended to provide income during retirement. The plan may be employer-sponsored, meaning that it is organized and managed by the participant’s employer, or it may be an individual plan that is managed by the participant. Even though securities may be bought and