(Money Manager) - Defined-benefit plans have a long history, dating back to when retirement benefits were promised to those who served in the Revolutionary War. As the number of industries and companies increased, so did the popularity of these plans. Defined-benefit plans tend to provide the security of greater retirement benefits, especially for those who live many years past their retirement date.

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(Money Manager) - An integrated pension plan is one that is specifically associated with a person's Social Security payments. This is done so that the total benefit that should be received by the participant in the plan can be determined. In some cases, an integrated plan will be designed to work towards a certain total benefit amount.

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(Money Manager) - The term "inherited IRA" is used to refer to an individual retirement account (IRA), which after the owner's death, is left to one of his or her beneficiaries. The tax laws for IRA plan inheritance can be quite complicated for the average person to figure out. Because of this, it is generally recommended that any beneficiaries who inherit an IRA seek out the counsel of a tax professional or financial advisor.

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(Money Manager) - Individual retirement annuity plans are set up so that they share many structural similarities with a regular individual retirement plan (IRA). However, in the case of an individual retirement annuity plan, there are certain conditions that have to be met and an annuity contract has to be purchased. Individual retirement annuity plans have to be issued in the name of the owner.

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