457 Plans

Catch-Up Contributions
Supplemental tax-deferred contributions to IRAs and other qualified plans allowed for individuals 50 years or older.
Defined-Contribution Pension Plan
A type of pension plan where the contributions are fixed, but the benefits vary based on investment returns. Employees and sometimes employers contribute to a tax-deferred account with flexible investment options.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.