Types of Mutual Funds
This type of fund is concerned with investing in companies with a history of paying dividends.
What is an Equity Income Fund? This is a type of Conservative Fund.
This is money pooled from many investors to invest in securities.
What is a mutual fund?
This is a type of salary-reduction plan.
What is a 401(k) plan?
This refers to everything you own.
What is an estate?
This is the person named that will receive a portion of your estate after your death.
What is a beneficiary?
This is a type of fund that is focused on investing in risk-oriented securities, but becomes more conservative as a retirement date gets closer.
What is a Lifecycle Fund? This is a type of Special Fund.
This is a type of fund where shares are only issued by the investment company when the fund is organized.
What is a closed-end fund?
This type of retirement plan places the burden on employees to save for retirement and is offered by most employers today.
What is a defined-contribution plan?
This type of will is usually prepared with the help of an attorney and must be signed in front of two witnesses.
What is a formal will?
This is what people typically spend the most money on in retirement.
What are housing expenses?
This is a type of fund that invests in many different types of investments and is focused on seeking a high total return.
What is an Asset Allocation Fund? This is a type of Special Fund.
This is a type of fund where investors pay a commission every time they purchase shares.
What is a load fund?
This term means that, if an employee leaves before retirement, he/she has the rights to the employer contributions to a retirement plan.
What is being vested?
This is a legal arrangement that helps manage assets of your estate for you or some other beneficiary.
What is a trust?
This is a legal document that authorizes someone to act on your behalf.
What is a Power of Attorney?
This is a type of fund that invests in companies throughout the world.
What is a Global (International) Fund? This is a type of Speculative Fund.
Investment companies sponsoring a mutual fund must provide this to potential investors.
What is a prospectus?
This type of individual retirement account may allow contributions to be tax-deductible.
What is a regular or traditional IRA?
This type of account refers to an education IRA.
What is a Coverdell Education Savings Account?
This type of trust cannot be changed or ended.
What is an irrevocable trust?
This is a type of fund that invests in the same companies including in a specific index.
What is an index fund? This is a type of Special Fund.
This document includes a letter from the fund president/manager, a fund's assets/liabilities and performance, a schedule of investments, and a letter from the independent auditors.
What is a fund's annual report?
Under a defined-contribution plan, this term means that employers contribute money based on the profits of the company.
What is a profit-sharing plan?
This is what ERISA stands for.
What is the Employee Retirement Income Security Act of 1974.
This is the amount of the gift tax exclusion in 2023.
What is $17,000?