Statements (57)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:urban_area
|
| gptkbp:account_statements |
Regularly provided by institutions
|
| gptkbp:age_limit_for_contributions |
No age limit after 70½
|
| gptkbp:beneficiary |
Can designate beneficiaries
|
| gptkbp:catch_up_contribution_limit |
$1,000
|
| gptkbp:contribution_eligibility |
Based on income level
|
| gptkbp:conversion_options |
Can convert to Roth IRA
|
| gptkbp:eligible_contributors |
Individuals with earned income
|
| gptkbp:features |
Can be managed online
|
| gptkbp:financial_literacy_importance |
Understanding retirement planning
|
| gptkbp:financials |
gptkb:Banks
Brokerages Credit unions Long-term strategy Resources available for learning |
| gptkbp:funding |
$6,000
|
| gptkbp:future_goals |
Wealth accumulation
Retirement savings |
| gptkbp:has_diversity_initiatives |
Important for risk management
|
| https://www.w3.org/2000/01/rdf-schema#label |
Traditional IRAs
|
| gptkbp:impact_on_social_security |
May affect benefits
|
| gptkbp:investment |
gptkb:Bonds
Stocks Mutual funds Market risk ETFs Inflation risk Interest rate risk |
| gptkbp:investment_fees |
May vary by institution
|
| gptkbp:investment_strategy |
Varies by market conditions
|
| gptkbp:legacy_planning |
Can be part of estate planning
|
| gptkbp:membership |
Traditional vs Roth
|
| gptkbp:mentor |
Can provide guidance
|
| gptkbp:opening_requirements |
gptkb:Bank
Social Security number |
| gptkbp:regulatory_compliance |
Varies by state
Subject to IRS rules |
| gptkbp:replaces |
Annuities
Lump sum Periodic payments |
| gptkbp:required_minimum_distribution |
Age 72
|
| gptkbp:retirement |
Essential for future security
|
| gptkbp:retirement_year |
Varies by individual
|
| gptkbp:rollover_options |
From other retirement accounts
|
| gptkbp:self_directed_options |
Available for more control
|
| gptkbp:submission_deadline |
April 15 of the following year
|
| gptkbp:tax_deductibility |
Depends on income and retirement plan coverage
|
| gptkbp:tax_forms |
gptkb:Form_1040
Form 5498 |
| gptkbp:taxation_on_withdrawal |
Ordinary income tax
|
| gptkbp:type |
Retirement savings account
|
| gptkbp:type_of |
Tax-deferred growth
|
| gptkbp:withdrawal_penalty |
10% penalty for early withdrawal
|
| gptkbp:withdrawal_strategies |
Tax-efficient withdrawal
|
| gptkbp:withdrawal_timing |
Strategic for tax purposes
|
| gptkbp:bfsParent |
gptkb:NASDAQ-100_Index_Fund
|
| gptkbp:bfsLayer |
6
|