A personal retirement plan with taxable withdrawals is known as a Traditional IRA or a 401(k) plan. In these plans, your contributions may be tax-deductible, and your investments grow tax-deferred. When you withdraw funds during retirement, you will be required to pay income tax on the amount withdrawn. This can be advantageous if you expect to be in a lower tax bracket during retirement. It's important to consider your current and future tax situation, as well as your retirement goals, when choosing the right retirement plan for you.