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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.

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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Annuity

An annuity involves an investor providing cash to a vendor, typically an insurance company, in return for the promise of a series of periodic payments. These payments can be...

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Target Date Fund

A target date fund is a type of mutual fund that adjusts its risk level based on the investor's target date, usually their estimated retirement date. This is achieved by gra...

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Education IRA

A Coverdell Education Savings Account, also known as an ESA, is a tax-advantaged investment account designed to help families save for their children's education expenses. I...

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