If you’re looking at the investment options available in your 401(k) and you’re overwhelmed by your array of choices, consider yourself lucky. Many 401(k) plans offer very limited investment options and some…
Average Salary of a Financial Advisor
What is a Financial Advisor? A Financial Advisor is a professional who deals with informing and educating clients about wealth, investing and other money matters, and sometimes managing these financial affairs as…
How Do 401(k) Catch-Up Contributions Work?
If your employer offers you a 401(k) planthis can be a very effective way to save for retirement. The money you put into your plan is deferred tax, so you won’t pay…
Suspense Account Definition
The term “suspension account” can have several different meanings, depending on the context. In the general business world, a suspense account is a section of a company’s financial books where it can…
Safe Haven Definition
What is a haven of peace? A safe haven is a type of investment that is expected to maintain or increase its value during times of market turbulence. Investors look for safe…
How Does My Spousal Social Security Benefit Work?
If you have never worked or paid Social Security taxes (or haven’t paid them long enough), you won’t be able to claim Social Security retirement benefits on your own. However, you may…
Should I Put an Annuity into My 401K?
If you have a 401(k) planyou probably know that you can use it to invest in a wide variety of funds—target date fund, passively managed index funds and actively managed mutual fund….
How to Create a Client Investment Policy Statement
What is an Investment Policy Statement (IPS)? A Investment Policy Statement (IPS) is basically a business plan for an investment portfolio. It is very common for financial advisors to create an IPS…
SALT (State and Local Tax) Definition
What is the SALT (national and local tax)? The acronym SALT stands for State and Local Tax and is commonly associated with the Federal Income Tax Deduction for State and Local Taxes…