FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/RC6vjtn3GZLRw0qRl5YjMwV
Label Retirement Account
Preferred Label N/A
Identifier N/A
Alternative Labels
401(k) Individual Retirement Account Pension

Definition

A Retirement Account is a financial account designed to help individuals save for their retirement, often offering tax advantages. Types of retirement accounts include 401(k)s, Individual Retirement Accounts (IRAs), and pension plans, among others, and they typically come with restrictions on withdrawals to incentivize long-term saving. Relevant to several areas of law (e.g., Bankruptcy Law).

Class Relationships

Is Defined By

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See Also

Class Hierarchy Visualization

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Additional Information

Metadata

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Description

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Editorial Information

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Editorial Note

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Deprecated

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Source and Origin

No source or origin information available