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A type of account in which money that has not been taxed is placed in it, it grows over time, money is withdrawn from it during old age, and THEN it is taxed.
What is a Traditional IRA?
Many financial advisors say you should invest your money into this type of retirement account first.
What is a Roth IRA?
When a person stops working as they get to a certain age.
What is Retirement?
A type of retirement plan where an employee receives payment from an employer after retirement.
What is a Pension?
Word in Spanish that means Devil in English.
What is Diablo?
Money that is not taxed.
A type of account in which money is placed in it after that money has already been taxed, it grows over time, and then money is withdrawn during old age (and you don't pay taxes on this withdrawn money).
What is a Roth IRA?
When a person continues to work a part-time job out of choice or financial necessity when they are past typical working age.
What is Semi-Retired?
What is Cost Of Living Adjustment (COLA)?
When you sacrifice now so you can have better things in the future.
What is Planning Ahead?
What is Short-Term Pain, Long Term Gain.
Money before taxes.
What is Pre-tax Money?
This type of Traditional IRA account is more financially lucrative than a Roth IRA?
What is a 401(k) Match?
A retirement account set up to help you save and incentivize you to work for them. This account is almost always a Traditional IRA account.
A fixed monthly pension based solely on the years that the retiree has worked for the employer.
What is a Pension Flat-Benefit Formula?
An equation that has multiple equations often used to calculate various charges in businesses and government.
What is a Piece-wise Function?
When tax is applied to income at a later date then it is actually earned.
What is Tax Differed?
Investments that are made after taxes have been deducted.
What is After-Tax Investments?
When your employer agrees to go-in with you on putting money into your retirement account. There is a limit to how much they contribute. They copy a contracted percentage of the deposit you make into your retirement account.
What is a 401(k) Match?
Money that is given or received at a later date usually in return for services that have been given or received at the present time.
What is Deferred Compensation?
When your car gets hit by another car in Publix parking lot and you don't know who did it so you file a claim that is this type of insurance.
What is Comprehensive Insurance