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7.1: Build Your Vocabulary
Write a definition for each of the following terms and add it to your personal glossary.
retirement
vesting
rollover
defined-benefit plan
defined-contribution plan
401(k) plan
required minimum distribution (RMD)
403(b) plan
457 plan
Roth 401(k)
individual retirement account (IRA)
spousal IRA
traditional IRA
Roth IRA
annuity
SEP-IRA
Solo 401(k) plan
SIMPLE IRA
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