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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
Form 8606
A crucial form in the realm of finance, the IRS tax form for non-deductible IRA contributions is an essential tool for accurately reporting personal finances. This form serve...
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Roth IRA Conversion
When considering the distribution of assets from a Traditional IRA into a Roth IRA, it is important to understand the potential tax implications. A Traditional IRA allows fo...
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Required Beginning Date (RBD)
An important aspect of Individual Retirement Accounts (IRAs) is the Required Minimum Distribution (RMD). This refers to the deadline for IRA owners to withdraw a certain amo...
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Diversification
Diversification in finance refers to the practice of minimizing risk by investing in a variety of industries or companies rather than focusing on a single industry or a smal...
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Excess Contribution
An IRA contribution that surpasses the maximum legal limit is considered an excess contribution and is subject to penalty taxes. These taxes are imposed for each year that t...
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Defined Benefit Plan Definition
A defined benefit plan, also known as a traditional pension plan, is a retirement plan where the employer guarantees a specific annual income for the employee based on vario...
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Options and Futures
All terminologies and concepts related to financial derivatives, including options and futures contr
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Taxes
All terminology and concepts related to various tax types, tax laws, and taxation principles.
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Trading Terms encompass terminology and phrases commonly used in financial markets, including terms
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The "Property" category in finance encompasses all aspects related to real estate and tangible asset
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IPO
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