Glossary
D
Just like inflation, deflation is a story of supply and demand. But instead of prices for goods and services going up over time, they go down. Generally, this means purchasing power increases — people are able to buy more with the same amount of money.
Direct File is a new tax tool to file federal taxes directly with the IRS. The online offering is currently available as a pilot to a limited number of taxpayers and is available in both English and Spanish.
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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