Life Insurance
This type of life insurance provides coverage for a specific period and pays off only if the participant dies during that term.
What is Term Life insurance
This plan is specifically designed to help families save for the future college costs.
What is a 529 college savings plan?
According to this Rule, you divide 72 by the annual interest rate to determine how many years it will take you to double your investment.
What is the Rule of 72?
This type of mutual funds aims to mirror the performance of a specific market index.
What is an index fund.
This type of trust allows assets to pass to beneficiaries without going through probate.
What is a Living Trust?
This type of life insurance comes with higher premiums which includes a cash value that depletes over the years.
What is Whole Life Insurance?
The tax advantage of a 529 that the earnings grow this way when used for qualified educational expenses.
What is tax free?
The age at which you can start to withdrawing from the IRA without penalties, provided the account is 5 years old.
What is 59 1/2
This fee often charged by mutual funds is a percentage of assets deducted annually to cover management at other costs.
What is an expense ratio.
These documents, including Wills and Health Care proxies are crucial for ensuring your legacy is managed according to your wishes.
What are Estate Planning documents?
This rider allows you to increase your life insurance coverage without undergoing a medical exam.
What is guaranteed insurability rider.
The contribution limit for a 529 plan is determined by this.
Based on the state maximums in AZ, in AZ its up to $500K(converted to a Traditional IRA, because you on the growth)
This financial concept allows your investment to grow faster because it earns interest on both the initial principal and the accumulated interest.
What is Compound Interest?
Mutual Funds that are actively managed typically try to do this compared to the market.
What is a beat or outperform the market.
This is a strategy for reducing State taxes by gifting assets to heirs during your lifetime.
What is Life time gifting?
This type of policy allows you to adjust your premium and coverage.
What is universal life insurance.
529 plans can now be used for this type of educational expenses in addition to college costs.
What is a K-12 tuition expenses? All Trade Schools
Contributions to a Roth IRA are made with this kind of money.
What is after tax income?
This term refers to the total value of all the assets held by mutual funds.
What is (NAV) Net Asset Value?
A legacy can be built not only with financial assets but also through this, which includes values, memories, and lessons.
What is Ethical or Non-financial Legacies?
This term refers to payment beneficiaries receive when the policy holder dies.
What is death benefit.
This is the term for the individual who controls the 529 plan and makes decisions regarding the account.
Who is the account holder.
This is a maximum annual contribution limit for a Roth IRA for individuals under 50 in 2024.
What is $6,500?
This type of Mutual fund share class typically has a level load fee structure and is suitable for investors with a medium term investment horizon.
What is A Share account. (C share has no load but is slightly higher fee)
This company helps you build wealth by making, saving and investing.
What is Capital Choice!