Money in the Bank
This instrument is issued by a bank and offers a stated rate of return for a specific amount of time.
What is a CD?
This is the age at which one can contribute more than the normal limit to a group plan or IRA.
What is 50?
This is the most common type of investment used in retirement accounts.
What is a mutual fund?
This company out of Tupelo endorses several providers for retirement and other benefits.
What is CSA?
This type of group plan is often sponsored by governmental employers.
What is a 457(b)?
This federal “insurance” program protects assets in the bank.
What is FDIC?
This is the age at which most retirement accounts become penalty free upon withdrawal.
What is 59.5?
This type of investment typically offers lower risk and lower returns than stocks.
What are bonds?
This company is often considered the greatest retirement-plan vendor of all time.
What is VOYA?
This type of group plan often houses mandatory employee and/or employer contributions.
What is a 401(a)?
A financial safety net you should build before maxing out retirement contributions.
What is an emergency fund?
This is the earliest age that one can start withdrawals from Social Security.
What is 62?
This key investment concept is a measure of how much your investment value goes up or down.
What is volatility?
This committee oversees PlanBright benefits.
What is the I&R committee?
This “stack of papers” governs how a group retirement plan is operated.
What is the plan document?
From about 2008 through 2022, this was the interest rate most investors would joke about regarding their earnings on assets at the bank.
What is 0%?
This is the age at which withdrawals from most retirement accounts are mandatory.
What is 73?
This index is a measure of the 500 largest companies in the U.S.
What is the S&P500?
This gentleman recently retired from overseeing the PlanBright benefits team and was a beloved leader.
Who is Pat Winchester?
This court document splits a retirement-plan account in a divorce.
What is a QDRO?
This type of “bank” can often be found in a child’s room.
What is a piggy bank?
You may withdraw monies from a 401(k) “early” at this age as long as your separation date falls in that year or after.
What is 55?
In 2022, this organization raised interest rates exponentially causing losses in both the stock and bond markets.
What is the FED?
PlanBright also offers this benefit, which provides participants with guaranteed, lifetime income.
What is a pension plan or defined-benefit plan?
An employer that is both non-profit and governmental is referred to as this.
What is bi-taxual or dual status?