Tag: retirement
Named Beneficiary
What is 'Named Beneficiary' This term refers to any beneficiary named in a will, a trust, an insurance policy, pension plan accounts,...
One Percent Rule
What is 'One Percent Rule' A rule of thumb used to determine if the monthly rent earned from a piece of investment...
Old-Age And Survivors Insurance Trust Fund
What is 'Old-Age and Survivors Insurance (OASI) Trust Fund' One of the two trust funds managed by the Social Security Administration, the...
Accelerated Vesting
What is 'Accelerated Vesting' A form of vesting that takes place at a faster rate than the initial vesting schedule in a...
Annuity
An annuity can be best defined as a financial product which is exclusively designed and offered by insurance companies to help individuals grow funds....
Reverse Mortgage
DefinitionA reverse mortgage is a type of home loan for older homeowners that requires no monthly mortgage payments. Borrowers are still responsible for property...
Roth IRA
Roth IRA can be defined as a tax advantage retirement account. It is offered by the U.S. government. This account includes stocks, bonds, Certificate...
Salary Reduction Contribution
What is a salary reduction contribution
A salary reduction contribution is an arrangement between an employer and an employee whereby the employee agrees to have...
Safe Harbor
What is 'Safe Harbor' Safe harbor refers to a legal provision to reduce or eliminate liability in certain situations as long as...
Salary Reduction Simplified Employee Pension Plan (SARSEP)
What is 'Salary Reduction Simplified Employee Pension Plan - SARSEP' A plan offered by small companies - typically those with fewer than...