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Retirement Planning

Self-directed IRA

An Individual Retirement Account (IRA) is a powerful tool for saving for retirement. It allows individuals to choose their own investment options, tailored to meet their specific investment goals. These options include stocks, bonds, mutual funds, and other funds. Additionally, individuals can also invest in Certificate of Deposits and other savings vehicles. This flexibility makes an IRA a valuable addition to any retirement portfolio.
Related terms
Required Minimum Distribution (RMD)
The Internal Revenue Service (IRS) requires individuals with an Individual Retirement Account (IRA) to withdraw a minimum amount each year once they reach the age of 70½. Th...
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Required Minimum Distribution
A crucial aspect of managing your retirement funds is understanding the concept of Required Minimum Distributions (RMDs). These are mandatory withdrawals from qualified retir...
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Direct Rollover
A common strategy for individuals looking to transfer funds from a qualified retirement plan to an IRA is through a non-taxable direct rollover. This involves moving the fun...
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Dollar Cost Averaging*
Dollar-cost averaging is a strategy for building wealth through investing that involves regularly purchasing a fixed dollar amount of securities at predetermined intervals, ...
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Lump Sum Distribution
In the world of finance, there exists a term that may sound unfamiliar to some: a lump-sum distribution. It refers to the entire amount of money in a 401(k) account or other ...
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Contribution Percentage Definition
A contribution percentage is a crucial aspect of your workplace retirement plan. It involves deciding how much of your paycheck you want to put towards tax-deferred contribu...
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Fixed Income
Investments that provide regular, fixed payments, such as bonds and treasury bills.
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Fixed Income Instruments
All terms related to investments like bonds or treasury bills that provide regular, fixed payments,
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All terms and concepts related to insurance, which is a financial arrangement that provides protecti
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All terms and concepts related to technical analysis in finance, which involves using historical pri
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