Retirement Spending Phase
Definition The period during which an individual spends the retirement savings that he/she accumulated to finance his/her retirement. In an ideal situation, the spending phase
Advisor Retirement Planning Resources
Tools that the financial, tax and legal advisor may use to simplify the rules and regulations that apply to tax-deferred retirement savings accounts- IRAs, Roth IRAs, employer 401(k) plans.
Explore
Permitted disparity-Social security integration
Definition Method of computing and allocating nonelective contributions under an employer sponsored plan, where the allocation method results in participants, with compensation above the integration
Social Security Administration-SSA
Definition Government operated organization that handles retirement and disability payments for Americans. Functions of the SSA include the following: Collecting social security contributions on behalf
SIPC |The Securities Investor Protection Corporation
Definition Protection available for investors’ assets held at brokerage firms. SIPC is the first line of defense in the event a brokerage firm fails owing
Top heavy
Definition The status of a qualified plan or SEP IRA, where more than 60% of plan assets (or plan benefits) belong to key employees Unless
Term Certain (or period certain)
Definition A definitive pre-established period within which an annuity payment will be completed. For instance, an annuity payment could be for 20-year term, and would
