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Retirement Planning

Vested

It means that after a certain period of time, you will have full rights to those contributions and any earnings they have accrued.

Understanding the concept of vesting is crucial for any individual enrolled in a retirement savings plan. Put simply, vesting signifies the gradual transfer of control over contributions made by your employer. This process grants you full ownership of the contributions and their earnings after a specific period of time has elapsed. As a participant, it is essential to keep track of your vesting schedule to make informed decisions about your retirement funds.

Roth IRA

The Roth IRA, a popular type of individual retirement account, was created through the Taxpayer Relief Act of 1997. Unlike traditional IRAs, contributions to a Roth IRA are ...

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Non-qualified Retirement Plan Definition

A non-qualified retirement plan, often referred to as a NQRP, is a type of pension plan that does not meet the criteria for special tax treatment under the Internal Revenue ...

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Early Retirement Penalty

other exemption A key concept in the realm of finance is the early distribution penalty, which is a 10% tax that must be paid when withdrawing funds from a retirement plan,...

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Life Cycle Fund

A life cycle fund, also known as a target date fund, is a type of mutual fund that adjusts its level of risk according to the age of its owner. As the investor approaches re...

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