Fully Vested
[概述]Aperson'srighttothefullamountofsometypeofbenefit,mostcommonlyemployeebenefitssuchasstockoptions,profitsharingorretiremen
Plan Participant
[概述]Aplanparticipanteithercontributesintoapensionplanorisinapositiontoreceivebenefitpaymentsfromtheplan.Itincludesaretiredpe
Retirement Contribution
[概述]Amonetarycontributiontoaretirementplan.Retirementcontributionscanbepretaxoraftertax,dependingonwhethertheretirementplani
Retirement Planner
[概述]Apracticingprofessionalwhohelpsindividualspreparearetirementplan.Aretirementplanneridentifiessourcesofincome,estimatesex
Trust Fund
[概述]Atrustfundisafundcomprisedofavarietyofassetsintendedtoprovidebenefitstoanindividualororganization.Thetrustfundisestablis
Nest Egg
[概述]Aspecialsumofmoneysavedorinvestedforonespecificfuturepurpose.Examplesofthepurposesforwhichnesteggsareusuallyintendedincl
Deferred Profit Sharing Plan - DPSP
[概述]Anemployer-sponsoredCanadianprofitsharingplanthatisregisteredwiththeCanadianRevenueAgency.Onaperiodicbasis,theemployersh
Life Expectancy
[概述]1.Theageuntilwhichapersonisexpectedtolive.2.Theremainingnumberofyearsanindividualisexpectedtolive,basedonIRSissuedlifeex
Blackout Period
[概述]1.Atermthatreferstoatemporaryperiodinwhichaccessislimitedordenied.2.Aperiodofaround60daysduringwhichemployeesofacompanyw
Gift Inter Vivos
[概述]Agiftgivenduringthelifeofthegrantor.Followingagiftintervivos,thegrantornolongerhasanyrightstotheproperty,andcannotgetitb
Section 1035 Exchange
[概述]Atax-freeexchangeofanexistingannuitycontractforanewone.InorderforthenewcontracttoqualifyasaSection1035Exchange,thepolicy
Form 1099-R
[概述]AnInternalRevenueService(IRS)formwithwhichanindividualreportshisorherdistributionsfromannuities,profit-sharingplans,reti
Deferred Account
[概述]Anaccountthatpostponestaxliabilitiesuntilalaterdate.DeferredaccountsareusuallyretirementaccountsWitharetirementaccountth
Delayed Perpetuity
[概述]Aperpetualstreamofcashflowsthatstartatapredetermineddateinthefuture.Forexample,preferredfixeddividendpayingsharesareofte
Lump-Sum Distribution
[概述]Aone-timepaymentfortheentireamountdue,ratherthanbreakingpaymentsintosmallerinstallments.Somelump-sumdistributionsreceive
Estate Planning
[概述]Thecollectionofpreparationtasksthatservetomanageanindividual'sassetbaseintheeventoftheirincapacitationordeath,includingt
Registered Retirement Savings Plan Deduction Limit - RRSP Deduction Limit
[概述]ThemaximumamountthattheCanadaRevenueAgency(CRA)allowsataxpayertodeductfromhisorherpersonalincomewhencalculatingtaxliabil
Guaranteed Minimum Accumulation Benefit - GMAB
[概述]Arideronavariableannuity,whichguaranteestheminimumamountreceivedbytheannuitantaftertheaccumulationperiod,orasetperiodoft
Unfunded Pension Plan
[概述]Anemployermanagedretirementplanthatusestheemployer'scurrentincometofundpensionpaymentsastheybecomenecessary.Thisisincont
Waterfall Concept
[概述]Alifeinsuranceplanthatprovidesataxbenefitinregardstointergenerationaltransfersofwealth.Theconceptoccurswhenatax-exemptin
Saver's Tax Credit
[概述]Anon-refundabletaxcreditavailabletolowerincomeindividualsandhouseholdsthatcontributetoqualifiedretirementsavingsplans.Th
Direct Transfer
[概述]Atransferofassetsfromonetypeoftax-deferredretirementplanoraccounttoanother.Directtransfersarenotconsideredtobedistributi
Redeposit
[概述]1.Therequirementforapersontoreinvestacertainamountofmoneyintotheirretirementfundafterheorshepreviouslyrequestedandobtain
IRA Adoption Agreement And Plan Document
[概述]AcontractbetweenanIRAholderandthefinancialinstitutionthatexplainstheprovisionsoftheholder'sIRAplan.Thingsyoucanfindinana
Non-Qualifying Investment
[概述]Aninvestmentthatdoesnotqualifyforanyleveloftax-deferredortax-exemptstatus.Investmentsofthissortaremadewithafter-taxmoney
Revocable Trust
[概述]Atrustwherebyprovisionscanbealteredorcanceleddependentonthegrantor.Duringthelifeofthetrust,incomeearnedisdistributedtoth
Actuarial Balance
[概述]ThedifferencebetweenfutureSocialSecurityobligationsandtheincomerateoftheSocialSecurityTrustFundasofpresent.TheSocialSecu
IRS Publication 575
[概述]AdocumentpublishedbytheInternalRevenueService(IRS)thatprovidesinformationonhowtotreatdistributionsfrompensionsandannuiti
Returnment
[概述]Theactofreturningtoworkafteronehasretiredfromone'sjob.Returnmenthappensformanyreasons:somepeopledoitoutoffinancialnecess
Past Service
[概述]Servicetoanemployerthatisrecognizedforthedefinedbenefitpensionplanpurposes,buteitheroccurredbeforetheemployeewasamemberi
Education IRA
[概述]Asavingsplanforhighereducation.ParentsandguardiansareallowedtomakenondeductiblecontributionstoaneducationIRAforachildund
Cash Plus Fund
[概述]Atypeoffund,commonlyfoundinAustralia,thatisformulatedforconservativeinvestorsseekingpreservationofcapitalandreasonablein
DB(k) Plan
[概述]Aretirementplanthatcombinessomeofthecharacteristicsofa401(k)planwiththoseofadefinedbenefit(DB)plan.Fundscanbevoluntarily
Qualified Professional Asset Manager - QPAM
[概述]Aregisteredinvestmentadvisor/manager.ThecriteriaforqualifyingasaQPAMaredefinedbytheEmployeeRetirementIncomeSecurityAct(E
Reverse Mortgage
[概述]Atypeofmortgageinwhichahomeownercanborrowmoneyagainstthevalueofhisorherhome.Norepaymentofthemortgage(principalorinterest
Nonperiodic Distribution
[概述]Atypeofemployeeretirement-plandistributionthatisnotconsideredaperiodicdistribution.Periodicdistributionswouldincludemont
Consumption Smoothing
[概述]Thewaysinwhichpeopletrytooptimizetheirlifetimestandardoflivingbyensuringaproperbalanceofspendingandsavingduringthediffer
GUST Restatement
[概述]AsaresultofchangestotaxlawintheUnitedStates,employersandretirementplansponsorsarerequiredtocompletenewAdoptionAgreements
Disclaimer Trust
[概述]Atrustthathasembeddedprovisions(usuallycontainedinawill)whichallowasurvivingspousetoputspecificassetsunderthetrustbydisc
Other Post-Retirement Benefits
[概述]Benefits,otherthanpensiondistributions,paidtoemployeesduringtheirretirementyears.Mostpost-retirementbenefitsincludelifei