Glossary
N
A non-deductible IRA is not a type of retirement account. Instead, it refers to non-deductible contributions made to a traditional retirement account. This retirement savings strategy is for those whose income exceeds the limits to make deductible IRA contributions or to contribute to a Roth IRA.
4
4
4
4
4
A
A
A
B
B
C
C
C
D
D
D
E
E
E
F
F
F
F
F
G
G
H
H
I
I
I
L
L
M
M
M
M
M
N
N
P
P
P
R
R
R
R
R
S
S
S
S
S
S
T
T
T
T
T
V
V
W
W
4
4
4
4
4
Recent Terms
Stagflation
Stagflation is an especially difficult economic environment created by the combination of several factors: slow economic growth, high inflation, and a high unemployment rate.
Exchange-traded fund (ETF)
An exchange-traded fund (ETF) is a type of investment fund that holds a variety of underlying securities, including stocks, bonds, or alternative assets. It’s a way for investors to pool their money and each gain exposure to the assets within the fund rather than purchasing each asset individually.
403(b) plan
A 403(b) plan is a workplace retirement plan — typically offered by public schools and higher education institutions, churches, and charitable entities — designed to help employees save for retirement while receiving tax benefits.
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