Tax Deferral (or tax-deferred)
Definition Treatment applied to earnings that accrue in qualified plans, IRAs, 403(b) and 457 plans, as well as some insurance and annuity products. Earnings that
IRA
Individual retirement accounts include traditional IRAs, Roth IRAs, SIMPLE IRAs and SEP IRAs. Traditional and Roth IRAs are funded by the individual owner. SEP IRAs are funded by employers. SIMPLE IRAs are generally funded by employers and employees. Special tax rules apply to these accounts.
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Target Benefit Plan
Definition A target benefit plan is a defined contribution plan which includes some characteristics of a defined benefit plan and some characteristics of a money
Unrelated Business Taxable Income (UBTI)
Definition The gross income derived from any unrelated trade or business regularly carried on by the exempt organization, less the deductions directly connected with carrying
Retirement Wealth Decumulation / Retirement Asset Decumulation
Definition Using one’s assets to finance one’s retirement. Retirement wealth decumulation includes the spend-down of assets owned during retirement. This includes: Savings in retirement accounts
Year of Service
Definition The number of years that an individual works for an employer, for purposes of determining whether the individual is eligible to participate in the
Regulation Z
Also known as The Truth-in-Lending Act, is a regulation that applies to qualified plans that regularly extends qualified plan loans more than 25 times (or
IRA
Direct rollover
1: A two part transaction, where Part-1 is a distribution and Part 2 is a rollover contribution, where the distribution and rollover occurs directly between
ACATS (Automated Customer Account Transfer Service)
Definition A system that facilitates the automated movement of account balances between financial institutions. Automated Customer Account Transfer Service- Determining Factors Typically, the entire account
