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.


A type of employer-sponsored defined contribution plan that allows an employer to make contributions to an employee’s account from a company’s annual profits, although an employer is not required to make contributions in any given year.

Solo 401k

A version of a 401(k) available to solo-entrepreneurs that allows you to contribute to the plan using both your personal and business income, without subjecting your company to the requirements of ERISA. This plan is only available to small business owners with no employees other than themselves and their spouse.

Tax-deferred contributions

Allows you to contribute to retirement savings without paying income taxes on the funds used to contribute to your retirement investment account. For example, contributions to traditional IRAs are made from current income before you have paid income tax, reducing your current taxable income.


A retirement savings option in which an individual pays money into an account administered by an insurance company in exchange for a guaranteed payment amount during retirement. In general, the concept of an annuity is similar to life insurance, except that an individual is able to receive payment while still alive. Annuities can grow tax-deferred, meaning investors pay no taxes on the earnings until they receive payments or make withdrawals.