Anyone who provides financial advice who is ethically obligated to do so in your best interest.
Your investment portfolio is tailored to your specific needs, High-risk portfolios tend to be looking for large and fast pay-out. This could mean investing start-ups, hedge funds or crypto currency while low-risk portfolios are more likely to succeed but at a slower rate such as treasury securities.money market accounts and lending clubs.
By dividing your assets into categories of investment (ie. stocks, bonds, cash, etc.) you can reduce the risks that are traditionally associated with investing.
The amount of income you will receive from qualified retirement plans, or the amount that you think you need annually to live on.
The process of moving one retirement account to another. Usually account rollovers need to be handled in a certain way to avoid taxes and/or penalties.
The amount, usually a percentage, that an employer contributes to a retirement plan on behalf of an employee.
A type of defined contribution plan in which you receive a set dollar amount upon retirement, typically based on your last few years of earnings.
A type of employer-sponsored defined contribution plan that allows an employer to make contributions to an employee’s account from a company’s annual profits, although an employer is not required to make contributions in any given year.
Refers to investment growth that is not subject to taxes immediately, but is taxed at a later date when you withdrawal or use funds.
A version of a 401(k) available to solo-entrepreneurs that allows you to contribute to the plan using both your personal and business income, without subjecting your company to the requirements of ERISA. This plan is only available to small business owners with no employees other than themselves and their spouse.