Match the terms relating to the basic terminology and concepts associated with self-directed retirement programs on the left with the descriptions of the terms on the right. Read each description carefully and type the letter of the description in the Answer column next to the correct term. (Hint: These are not necessarily complete definitions, but there is only one possible answer for each term.) A possible investment decision Description Individual retirement arrangement Keogh plan Two basic types of retirement programsKeogh and SEP (for self-employed individuals)and IRAs allow individuals to set up their own tax-sheltered retirement plans. Nondeductible IRA Rollover This type of account can be opened by anyone without a retirement plan at his or her place of employment, regardless of income level. Roth IRA Self-directed retirement plan Couples filing jointly with adjusted gross incomes of up to $193,000 ($131,000 for single filers) can open this type of account, without regard to participation in an employer retirement program. SEP plan Traditional IRA For Keogh and IRA accounts, the magic age is 59 1/2 or will be subject to a 10% penalty. Withdrawal With no special record-keeping requirements or forms to file, an IRA can be an excellent vehicle for sheltering income from taxes