Glossary
G
The gift tax is a tax assessed on transfers of cash or property valued above a certain threshold, which is referred to as an exclusion. The gift tax is paid by the giver of the gift, and rates range from 18% to 40%, depending on the amount by which your gifts exceed the exemptions.
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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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