Glossary of 401(k) and Pension Terms
Here is a brief explanation of commonly used pension and savings terms: Annuity: Regular payments of income (usually monthly) over a specified period of time
Here is a brief explanation of commonly used pension and savings terms: Annuity: Regular payments of income (usually monthly) over a specified period of time
Defined Benefit and Money Purchase Pension Plans: Defined benefit and money purchase plans must provide two types of protections for the spouses of plan participants
Challenge #1: Women earn only 82 cents for every dollar that men earn. Black women earn 61 cents and Latinas, 53 cents. Result: Women save
Women live longer than men. Life expectancy for a woman age 65 is another 21 years. That is 3 years more than for a man
Dollar-cost averaging is a big term for a fairly simple concept. If you buy a set dollar amount of stocks or stock mutual funds at
Risk and return are part of the same equation when you are investing. RISK: When you invest in a stock, bond or mutual fund, you
There are three basic places where you can invest your money: Cash: includes certificates of deposit and money market funds; cash does not earn enough
Preparing for Emergencies Insurance Check your current homeowner’s or renter’s insurance to see what your policy covers. Most homeowner’s insurance does not cover any damages
Keep these financial documents in a box or file cabinet at home: The last 7 years of your tax returns (state and federal) With each
The Earned Income Tax Credit (EITC) is one of the most beneficial tax policies for low-income families. It is a refundable federal income tax credit
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