The total amount in your account (including all contributions plus investment earnings minus distributions). You have an account balance until you reduce your account balance to zero by converting it to a lifetime annuity and/or by taking withdrawals.
An account that allows you to accumulate retirement assets on a tax-deferred basis. Examples: Traditional IRAs, Roth IRAs, and 401(k) plans.
A tax-deferred retirement account that permits individuals to set aside savings with earnings tax-deferred until withdrawals begin at age 59 1/2 or later.