Income In Retirement
This personal retirement savings account has tax advantages when withdrawn in retirement.
What is a Roth Individual Retirement Account (IRA)?
Having one of these will give you an amount and timeframe for your savings plans.
What is a goal?
This term represents all the money, assets and property owned by a particular person at their death.
What is an estate?
This represents a share in the ownership of a company, including a claim on the company's earnings and assets.
What is a stock or equity?
This group of three Rolex Employees and one external financial advisor are responsible for overseeing the Rolex retirement Plan's investment options to ensure performance and quality.
What is the Rolex Investment Committee?
One of the main sources of retirement income, this benefit can begin at age 62, but increases as you delay receiving it.
What is Social Security?
This savings account lets you save tax deferred for a child's college.
What is a 529 plan?
This person(s) listed on your investment accounts will receive your balance upon your death.
What is a beneficiary?
This represents a promise by a borrower to pay a lender their principal and interest.
What is a bond or fixed income instrument?
The name of the plan recordkeeper prior to being acquired by Principal Financial Group.
What is Wells Fargo?
What is income tax?
In general, the longer you have to save for your goal the more of this you can handle.
What is risk or volatility?
Unless you receive their permission, this person must be named as your beneficiary.
Who is a spouse?
This is the practice of investing a fixed dollar amount on a regular basis, like contributions through your payroll to your 401(k).
What is dollar cost averaging?
This type of insurance provides a designated sum of money to a beneficiary upon the death of the insured person.
What is life insurance?
A type of investment that upon retirement can deliver lifetime income.
What is an annuity?
This account allows for tax free contributions, tax free growth, and tax-free withdrawals for qualified expenses.
What is a Health Savings Account?
This document contains your direct wishes for your property and assets, as well as the care of your dependents.
What is a will?
More than picking the right stock, this mix has the greatest impact on your return, and risk of your investment.
What is asset allocation or percentage invested in equities?
This type of personal liability insurance covers claims in excess of the limits of your regular insurance policy.
As a rule of thumb, this is the amount of your retirement account you can withdraw annually, adjusted for inflation, to have your retirement savings last 30 years.
What is the 4% rule?
This website provides a database of fee-only financial advisors who are also fiduciaries.
What is NAPFA.org (The National Association of Personal Financial Advisors)?
This estate planning tool allows you to maintain a degree of control over your property/assets even after your death.
What is a Trust?
This investment provides income, typically through rent, that is taxed at your normal tax rate.
What is an investment property?
This type of insurance provides coverage for assistance with routine daily activities in your home, a nursing home, or an assisted living facility.
What is the long-term care insurance?