Retirement & Estate Planning

Employer-sponsored retirement plan that allows an individual to deposit part of his or her earnings into a tax-deferred investment. 

• 401(k) Plan

• 403(b) Plan

• 457 Plan

• Beneficiary

Retirement plan available to employees of nonprofit organizations.

• 401(k) Plan

• 403(b) Plan

• 457 Plan

• Beneficiary

Person or group who receives a deceased person’s assets. 

• 401(k) Plan

• 403(b) Plan

• 457 Plan

• Beneficiary

Type of defined-contribution retirement plan that does not have required minimum distribution rules and is available primarily to governmental employees. 

• 401(k) Plan

• 403(b) Plan

• 457 Plan

• Beneficiary

Document that explains, changes, or deletes provisions in a will.

• Codicil

• Defined-Benefit Plan

• Defined-Contribution Plan

• Estate

Retirement plan that makes regular payments to a retiree until his or her death; also known as a pension plan. 

• Codicil

• Defined-Benefit Plan

• Defined-Contribution Plan

• Estate

Retirement plan in which an employee and/or employer contributes to the employee’s individual account under the defined plan. 

• Codicil

• Defined-Benefit Plan

• Defined-Contribution Plan

• Estate

Consists of the assets and liabilities a person leaves when he or she dies. 

• Codicil

• Defined-Benefit Plan

• Defined-Contribution Plan

• Estate

Personal account for setting money aside for retirement. 

• Individual Retirement Account (IRA)

• Living Will

• Probate

• Power of Attorney

Statement of instructions for specific medical treatment if a person becomes unable to make medical decisions related to deathbed concerns. 

• Individual Retirement Account (IRA)

• Living Will

• Probate

• Power of Attorney