RETIREMENT PLANS
CONTRIBUTIONS TO THIS TYPE OF IRA ARE NOT TAX DEDUCTIBLE, BUT WITHDRAWALS IN RETIREMENT ARE TAX-FREE
WHAT IS A ROTH IRA?
ON AVERAGE, COLLEGE TUITION INCREASES BY THIS PERCENTAGE, ANNUALLY
WHAT IS 8%?
A FIXED INCOME INSTRUMENT THAT REPRESENTS A LOAN MADE BY AN INVESTOR TO A BORROWER (TYPICALLY CORPORATE OR GOVERNMENTAL)
WHAT IS A BOND?
THE NUMBER OF LARGE, PUBLICLY OWNED U.S COMPANIES THAT COMPRISE THE DOW JONES INDUSTRIAL AVERAGE INDEX
WHAT IS 30?
THE TERM FOR DYING WITHOUT A WILL
WHAT IS INTESTATE?
FNB WEALTH MANAGEMENT'S WORLD-WIDE HEADQUARTERS IS LOCATED IN THIS CITY
WHAT IS BELLEVUE, OHIO?
THE AGE IN WHICH A TRADITIONAL IRA HOLDER MUST BEGIN TAKING WITHDRAWALS
WHAT IS 70.5?
THE STATE OF OHIO OFFERS THIS 529 PLAN TO HELP COVER COLLEGE COSTS
WHAT IS COLLEGE ADVANTAGE?
YOUR PERSONAL ASSETS MINUS YOUR PERSONAL DEBTS EQUALS
WHAT IS YOUR PERSONAL NET WORTH?
THE SOCIAL SECURITY FULL BENEFIT AGE FOR THOSE BORN IN 1960 OR LATER
WHAT IS 67?
THE ACCOUNT OWNERSHIP COMMONLY REFERRED TO AS A "TOD" ACCOUNT
WHAT IS TRANSFER ON DEATH?
WHAT IS INFINEX INVESTMENTS, INC.
THE AGE IN WHICH ONE CAN TAKE WITHDRAWALS FROM AN IRA OR RETIREMENT PLAN WITHOUT A 10% EARLY WITHDRAWAL PENALTY.
WHAT IS 59.5?
AMONG COLLEGE COSTS, RETIREMENT, & EMERGENCY FUNDS - THIS IS THE ORDER OF PRIORITY TO SAVE
WHAT IS EMERGENCY, RETIREMENT, THEN COLLEGE?
A COMPREHENSIVE EVALUATION OF AN INDIVIDUAL'S CURRENT PAY AND FUTURE FINANCIAL STATE BY USING CURRENT KNOWN VARIABLES TO PREDICT FUTURE INCOME, ASSET VALUES AND WITHDRAWAL PLANS
WHAT IS A FINANCIAL PLAN?
THE CURRENT, GENERALLY ACCEPTED SAVINGS WITHDRAWAL RATE TO AVOID RUNNING OUT OF SAVINGS IN RETIREMENT
WHAT IS 4% TO 5%?
THE JUDICIAL PROCESS BY WHICH A DECEDENT'S ESTATE IS VALUED, BENEFICIARIES ARE DETERMINED, AND EXECUTOR IS DECLARED, AND THE ESTATE IS LEGALLY TRANSFERRED TO THE DETERMINED BENEFICIARIES
WHAT IS PROBATE?
THIS IS THE 401K AND 403B CONTRIBUTION LIMIT FOR 2019
WHAT IS $19,000?
THESE ARE THE TWO OPTIONS IF A 529 BENEFICIARY DOES NOT USE THE FUNDS FOR COLLEGE EXPENSES
WHAT IS TRANSFER TO ANOTHER PERSON & WITHDRAWAL WITH A 10% PENALTY ON EARNINGS?
AN INVESTMENT STRATEGY THAT AIMS TO BALANCE RISK AND REWARD BY APPORTIONING A PORTFOLIO'S ASSETS ACCORDING TO AN INDIVIDUAL'S GOALS, RISK TOLERANCE AND TIME HORIZON
WHAT IS ASSET ALLOCATION?
THE SECTION NUMBER WITHIN THE U.S. TAX CODE THAT ALLOWS A POLICY HOLDER TO TRANSFER FUNDS FROM LIFE INSURANCE OR ANNUITY TO A NEW POLICY WITHOUT HAVING TO PAY TAXES
WHAT IS A 1035 EXCHANGE?
THE AUTHORITY TO ACT FOR ANOTHER PERSON IN SPECIFIED OR ALL LEGAL OR FINANCIAL MATTERS
WHAT IS POWER OF ATTORNEY?
THE CHARGE FOR AN INITIAL CONSULTATION WITH JIM DEER OF FNB WEALTH MANAGEMENT
WHAT IS $0.00?
THE MAXIMUM AMOUNT SOMEONE UNDER AGE 50 CAN CONTRIBUTE TO AN IRA IN 2019
WHAT IS $6,000?
WITHIN A 529 PLAN, HEALTH INSURANCE COSTS, EXTRA-CURRICULAR ACTIVITIES, AND TRANSPORTATION COSTS ARE CONSIDERED THIS
WHAT ARE NON-QUALIFIED EXPENSES?
AN INVESTMENT VEHICLE ISSUED BY AN INSURANCE COMPANY THAT ALLOWS FOR TAX DEFERRED ACCUMULATION AND CAN PROVIDE A LIVING AND/OR DEATH BENEFIT IN RETIREMENT
WHAT IS A VARIABLE ANNUITY?
THE LIFE EXPECTANCY OF AN AMERICAN WHEN THE SOCIAL SECURITY ACT WAS PASSED IN 1935
WHAT IS 62?
THE READJUSTMENT OF THE VALUE OF AN APPRECIATED ASSET FOR TAX PURPOSES UPON INHERITANCE
WHAT IS STEPPED-UP COST BASIS?
JIM HAS BEEN PROVIDING BANKING AND FINANCIAL /INVESTMENT ADVICE TO HIS CLIENTS FOR THIS MANY YEARS
WHAT IS 45 YEARS?