Retirement Planning
This type of retirement account allows you to make contributions with after-tax dollars and offers tax-free withdrawals in retirement.
What is a Roth IRA?
This term refers to spreading your investments across different asset classes to reduce risk.
What is diversification?
This type of life insurance provides coverage for a specific period of time and pays out only if the insured person passes away during that term.
What is term life insurance?
This requirement typically begins at age 72 for most retirement accounts.
What is an RMD?
This type of fund is a collection of stocks or bonds that is managed by a professional and allows investors to pool their money together.
What is a mutual fund?
This type of life insurance not only provides a death benefit, but also includes a savings component that can build cash value over time.
What is Whole Life Insurance?
In the three-bucket retirement strategy, this bucket is intended to cover your short-term expenses and is typically filled with conservative investments or cash.
What is bucket one?
This investment strategy involves regularly investing a fixed amount of money regardless of the share price, helping to reduce the impact of volatility over time.
What is dollar cost averaging?
This type of life insurance offers flexibility in premiums, death benefits, and includes a cash value component that can be invested in various accounts.
What is Universal Life Insurance?