Glossary

4

A 403(b) plan is a workplace retirement plan — typically offered by public schools and higher education institutions, churches, and charitable entities — designed to help employees save for retirement while receiving tax benefits.

E

An exchange-traded fund (ETF) is a type of investment fund that holds a variety of underlying securities, including stocks, bonds, or alternative assets. It’s a way for investors to pool their money and each gain exposure to the assets within the fund rather than purchasing each asset individually.
The earned income tax credit (EITC) is a federal tax credit designed to provide financial assistance to low-to-moderate-income workers. The amount received by a taxpayer depends on filing status, number of children, and annual income.

I

Tax brackets are the different ranges of income-assigned tax rates. In the United States, there are seven different tax brackets, with tax rates ranging from 10% to 37%.

M

A money order is a paper document that requires paying with cash upfront, typically issued by a government or financial institution.

R

RMDs are an annual amount retirees are required to withdraw from their tax-deferred accounts after reaching a certain age.

S

A SEP IRA — short for simplified employee pension plan — is a tax-advantaged retirement plan designed for business owners. While it can be used by businesses of any size, it’s often used by small business owners and self-employed individuals.
Stagflation is an especially difficult economic environment created by the combination of several factors: slow economic growth, high inflation, and a high unemployment rate.

W

Wealth management is the process of reviewing and making decisions about your wealth so you can achieve your financial goals.

Recent Terms

Wealth Management
Wealth management is the process of reviewing and making decisions about your wealth so you can achieve your financial goals.
Stagflation
Stagflation is an especially difficult economic environment created by the combination of several factors: slow economic growth, high inflation, and a high unemployment rate.
Income tax brackets
Tax brackets are the different ranges of income-assigned tax rates. In the United States, there are seven different tax brackets, with tax rates ranging from 10% to 37%.
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