Retirement
Contributions to this type of account can decrease your taxable income in the year you contribute
What is a Traditional IRA/401k?
% that you are drawing on your money.
What is a draw rate/spend rate?
Rising interest rates cause the value of this type of fund to go down.
What are bonds/bond funds?
The company that launched an IPO today
What is SpaceX?
The index we primarily use for our annuities.
What is the S&P 500?
The process of transferring 401k money to an IRA before retirement
What is an in service rollover?
The 7% you need average annually to double your money in 10 years
What is 7%?
Common index made up of small cap companies
What is the Russell/Russell 2000?
The annual internal fee of being invested in a mutual fund or ETF, expressed as a percentage
What is an expense ratio?
The upfront bonus % on an FPBIA
What is 5%?
These must be taken at age 73, or will be penalized
What are RMDs?
The $3,500 in taxes I had to pay after I made 10,000 in 6 months in SPCX.
What are short term capital gains?
A common index made up of 30 large established companies
What is the DJIA/Dow Jones Industrial Average?
A commonly used technology driven index
What is the NASDAQ?
The FPBIA monthly averaging participation rate for accounts issued this month
What is 51%?
A retirement account funded with post-tax money, so the money grows tax free and qualifying distributions are also tax free
What is a ROTH IRA?
How gains are taxed in a non-retirement account
What are capital gains?
The average annual growth in a moderate growth portfolio over the past 10 years
What is 8-10%? (any number in between will work also)
Kevin Warsh
Who is the new fed/federal reserve chair?
Our annuity that includes a rider for guaranteed lifetime income
What is a GLIA?
Participants in this type of account can only invest in the funds made available through work
What is a 401k/403b/457?
Accounts that are not taxable as they grow, but gains are taxed as income when withdrawn
What are tax-deferred accounts?
The type of fund that has only returned about 15% over the last 5 years
What is a bond fund?
Jamie Dimon
Who is the CEO of JPMorgan chase?
What is SecurityBuilder?