A Salary Continuation Plan is an arrangement, often funded by life insurance, to continue an employee's salary through payments to a beneficiary for a certain period after the employee's death.
The Savings Rate is a critical financial metric indicating the percentage of income saved by individuals or households. This entry explores its definition, importance, examples, and related concepts like Marginal Propensity to Save.
A comprehensive guide to understanding shortfalls in revenue and budget, including causes, examples, and implications.
A comprehensive explanation of a Simple Trust, its characteristics, requirements, and tax implications.
An in-depth guide on Single Premium Life Insurance, a coverage in which one premium payment is made and the policy is fully paid up with no further premiums required.
A Spousal IRA is an Individual Retirement Account created for a nonworking or low-income earning spouse, allowing contributions based on the income of the working spouse.
Understanding the process of shifting assets from one mutual fund to another by telephone, either within the same family of funds or across different families of funds.
Comprehensive overview of tuition, its definitions, types, historical context, applicability in various fields, related terms, frequently asked questions, and tax considerations.
A comprehensive exploration of unintended investments, focusing on how companies handle excess inventory when sales are below expectations.
A detailed explanation of the Voluntary Plan, also known as the Voluntary Deductible Employee Contribution Plan, where employees choose to contribute a portion of their paycheck to a pension plan.
Whole Life Insurance offers lifetime protection and cash surrender value at a guaranteed rate. It is synonymous with ordinary or straight life insurance and provides fixed annual premiums that do not rise as the insured ages.
A comprehensive explanation of Withholding Tax, its mechanisms, purposes, history, and relevance in modern taxation systems.
Learn about Zero-Base Budgeting (ZBB), a financial planning method where all expenses must be justified for each new period, starting from a zero base.
A comprehensive guide to understanding 1035 exchanges, including the definition, rules, process, and key considerations for tax-free exchanges of annuity contracts, life insurance policies, or endowments.
A comprehensive guide on the 28/36 rule, which helps individuals and households measure their income against debt to ensure they meet ideal debt limits for credit applications. Learn what it is, how to use it, and see practical examples.
An in-depth exploration of the 4% rule for retirement withdrawals, providing a sustainable strategy to regularly withdraw from retirement funds without depleting resources.
An in-depth exploration of trust accounts, including their definition, types, benefits, and a step-by-step guide on how to set one up.
A detailed exploration of the Accredited Asset Management Specialist (AAMS) designation, including its definition, requirements, benefits, and a comparison with the Certified Financial Planner (CFP) certification.
An in-depth exploration of the accumulation phase in the context of annuities. Learn about its definition, how it works, key examples, and its importance in financial planning.
Insights into after-tax income, including definitions, calculations, examples, and its significance in financial planning.
Discover the concept of an assumable mortgage, how it functions in real estate transactions, its various types, along with the benefits and disadvantages for buyers and sellers.
Discover what a balanced budget is, how it can be utilized, practical examples, and strategies to achieve a balanced budget in financial planning.
A comprehensive guide to understanding a balanced investment strategy, including its definition, types, benefits, examples, and considerations for investors.
A detailed exploration of budget variance, including its definition, primary causes, types, examples, historical context, and its importance in financial management.
A detailed exploration of Capital Expenditures (CapEx), including their definition, formula, types, examples, historical context, and their role in business operations and financial planning.
Explore the comprehensive definition of capital gains, methods for calculation, associated tax implications, and the various categories of assets that can yield capital gains.
A detailed exploration of capital gains tax, including its definition, calculation methods, current rates, and implications for investors.
An in-depth exploration of capital loss carryover, including its definition, rules for application, detailed examples, historical context, and practical usage in financial planning.
A comprehensive overview of cash budgets, including their essential components and the step-by-step process of creating one for effective financial management.
A comprehensive guide to cash-out refinancing: How it works, the benefits, potential risks, and the right circumstances for using this mortgage refinancing option.
An extensive guide to understanding the role of a Certified Financial Planner™, the certification process, career prospects, and the benefits of earning the CFP® designation.
An in-depth guide on what it means to be a Chartered Retirement Planning Counselor (CRPC), the significance of the designation, how to earn it, and its implications in financial planning.
An in-depth exploration of coinsurance, detailing its definition, how it operates in insurance policies, real-world examples, and key considerations for policyholders.
An in-depth analysis of the cost of living, including definitions, how to calculate it, the components of the cost of living index, and real-world examples.
A thorough examination of what a credit report entails, the detailed components within it, and how individuals can obtain their credit reports at no cost.
A custodial account is a type of savings account managed by an adult for a minor. Learn about how these accounts work, their advantages and disadvantages, and important considerations.
A detailed exploration of Decreasing Term Insurance, covering its definition, examples, benefits, drawbacks, and more to help you understand this specific type of life insurance policy.
An in-depth guide to deferred compensation, explaining how it works, its benefits, its implications on taxation, and how it can be a strategic component of retirement planning.
A comprehensive guide to the features, benefits, and workings of Deferred Profit Sharing Plans (DPSPs) offered by employers in Canada, including contributions, eligibility, and taxation.
Explore the essential features of Defined Contribution Plans, including how they operate, their benefits, and their significance in retirement planning.
An in-depth look at disability insurance, including its definition, types, benefits, and how it protects you in case of disability. Learn about the importance of disability insurance in maintaining financial stability.
An in-depth exploration of discretionary investment management, including its definition, benefits, risks, and considerations for investors.
A comprehensive guide to understanding the Dividend Rate, including its definition, formula, significance, and illustrative examples. Learn how dividends influence investment strategies and financial planning.
Discover the fundamentals of Dollar-Cost Averaging (DCA), a systematic investment strategy that involves regularly buying a fixed dollar amount of a specific investment, along with insightful examples and important considerations.
Explore the concept of Dual Income, No Kids (DINK), its various types, the financial impacts on households, and marketing strategies targeting this demographic. Understand the advantages, disadvantages, and unique aspects of this lifestyle.
Learn about earmarking, a financial practice where money is set aside for specific purposes. Discover its meaning, how it works, and see real-world examples.
An in-depth exploration of economic forecasting, focusing on its definition, the indicators involved, its various applications, and illustrative examples.
A comprehensive overview of the concept of Economic Life, including its definition, the factors that determine it, comparison with depreciation, and practical examples.
An in-depth exploration of the effective tax rate, including its calculation, significance, and impact on individuals and corporations.
An Emergency Fund is a critical financial reserve designed to cover unplanned expenses, such as medical emergencies or job loss. Discover strategies to build and maintain your emergency fund effectively.
A thorough exploration of exit strategies in investments and businesses, including types, examples, historical context, and best practices.
Explore the concept of Fibonacci retracement levels, how they are derived from Fibonacci numbers, and their application in identifying potential support and resistance in financial markets.
Explore the definition of financial health, understand how to measure it, and discover strategies to improve your personal financial stability.
Learn what a financial planner is, their roles, responsibilities, and how to find the right one for your financial needs.
An in-depth guide to understanding financial plans, their purpose, and the crucial components that contribute to effective financial planning.
A comprehensive guide to fixed annuities, including their uses in investing, benefits and drawbacks, and how they provide guaranteed income and interest rates.
Explore the world of fixed income securities. Learn about different types, investment strategies, and the benefits and risks associated with fixed income investing.
Explore the comprehensive details of fixed interest rates, their advantages, disadvantages, and a clear comparison with variable rates for informed financial decisions.
A comprehensive guide to Form 6252, including how it works, its purpose, and step-by-step instructions for reporting income from an installment sale of real or personal property.
An in-depth guide to understanding and using the Future Value (FV) formula to calculate the value of current assets at future dates based on assumed growth rates.
Discover the future value of an annuity, the formula for calculating it, and a detailed guide on how to perform the calculations. Enhance your financial planning with this essential knowledge.
Explore the concept of general provisions, balance sheet items representing funds set aside by companies to cover anticipated future losses. Learn how they work, different types, special considerations, and their significance in financial accounting.
A comprehensive guide on gifts in trust, explaining its definition, working mechanism, advantages, disadvantages, and its implications concerning taxes and asset protection.
A comprehensive guide to the Gift of Equity: its definition, how it functions, tax implications, and the pros and cons of using this unique real estate transaction method.
An in-depth explanation of gift tax, including its definition, exemptions, how it works, who is responsible for paying it, and strategies to give gifts tax-free.
An in-depth look at goal-based investing, a modern approach to wealth management that focuses on achieving specific life objectives through tailored investment strategies.
An in-depth exploration of Graduated Payment Mortgages (GPM), covering their structure, benefits, drawbacks, and real-world examples to illustrate their applicability in financial planning.
Explore the comprehensive guide to Gross Expense Ratio (GER), understand how it works, explore real-world examples, and delve into why it matters for investors.
Group Term Life Insurance is a type of life insurance policy commonly offered as an employee benefit. This comprehensive entry discusses its mechanics, benefits, and potential drawbacks, along with options for customization.
Explore the essentials of Group Universal Life Policy, including its meaning, advantages, disadvantages, FAQs, and how it compares to individual policies.
A comprehensive guide to understanding growing-equity mortgages, their structure, benefits, and how they can shorten the loan term through increasing monthly payments.
An in-depth analysis of Growth and Income Funds, including their definition, investment strategies, types, examples, historical context, applicability, comparisons, and related terms.
An in-depth look at growth funds, their definition, different types, performance metrics, and historical context to inform and guide investors.
An in-depth look at the guaranteed death benefit feature in annuities, including its definition, how it works, its key considerations, and its importance in financial planning.
A detailed exploration of Guaranteed Investment Contracts (GICs), explaining their structure, benefits, uses, and historical context, with examples and FAQs.
Explore the definition, functioning, and different types of Guaranteed Investment Funds (GIFs), along with key considerations, examples, and FAQs.
Explore the details of Guaranteed Issue Life Insurance, including its definition, workings, benefits, types, and special considerations. Learn how to make informed decisions with comprehensive coverage on this type of insurance.
An in-depth exploration of hard assets, including their definition, examples, and comparisons with other types of assets.
An in-depth look at health insurance, including its definition, how it works, types, examples, historical context, and its importance.
A detailed exploration of High Earners, Not Rich Yet (HENRYs), individuals with substantial income but limited asset accumulation, including characteristics, financial behavior, and implications.
An in-depth look at High-Deductible Health Plans (HDHP), their definition, coverage benefits, and detailed cost analysis, including pros and cons, types, and practical examples.
A comprehensive guide to understanding homemade dividends, how they function in investment portfolios, their implications, and practical examples.
An in-depth guide to understanding homeowners insurance, what it covers, the benefits it offers, how it protects your home and possessions, and its importance in providing liability protection.
Explore Horizon Analysis, an essential method for comparing the projected discounted returns of securities or investment portfolios over various time frames. Learn its definition, functionality, practical applications, and more.
Understand what it means to be 'house poor,' including the common causes and effective strategies to avoid becoming financially strained by homeownership expenses.
A detailed guide on household expenses, categorizing various types, providing examples, and explaining how to compute them for tax purposes.
Comprehensive guide to the Human-Life Approach in insurance, covering definition, value calculation, example, and its importance in determining life insurance needs.
An in-depth look at immediate payment annuities, including their definition, how they work, and the benefits they provide to the buyer.
A comprehensive guide to immunization in finance, exploring its definition, various investing strategies, and practical examples. Learn how to mitigate interest rate risks and maintain net worth stability.
A comprehensive guide to understanding in-service withdrawals, their definitions, rules, tax implications, and potential penalties.
Explore the comprehensive details of an income annuity, including how it functions, different types, benefits, and applications in financial planning. Gain insights on the strategic uses of income annuities for retirement and long-term financial security.
In-depth analysis of installment debt, its various types, benefits, and drawbacks. Learn about different forms of installment loans and how they impact financial planning.
A detailed exploration of insurance coverage, focusing on the various types, their mechanisms, historical context, applicability, and frequently asked questions.
An in-depth overview of Inter-Vivos Trusts, exploring their definition, how they function, and the advantages they offer in estate planning.
A comprehensive guide to intertemporal choice, exploring its significance in decision-making for both businesses and individuals, and how it influences future financial opportunities.
An in-depth look into intraday trading, including its definition, techniques, and strategies employed by day traders to maximize profits within regular market hours.
Learn about asset allocation, its significance in investment planning, and the strategies to address goals, risk tolerance, and investment horizon.
A detailed and comprehensive guide for beginners looking to invest in equity funds, covering the basics, types, benefits, and strategies.
A comprehensive guide to understanding and investing in water resources, including types of water investments, benefits, risks, and growth potential.
An in-depth exploration of what an investment adviser is, their roles and responsibilities, how they operate, and the regulatory framework that governs their activities.
