Tax-Deferred Plan A retirement savings plan (like an IRA, 401(k), pension, profit sharing, or Keogh) that qualifies for special income tax treatment. The contributions made to the plan and subsequent appreciation of the assets are not taxed until they are withdrawn at a later time -- ideally, at …
Glossary of Terms
Glossary of Terms (S)
Separate Property Generally, all assets you acquire prior to marriage and assets acquired by gift or inheritance during marriage. Separate Trust A trust established by one person. A married couple has separate trusts if each spouse has his/her own trust with its own assets. In contrast, see …
Glossary of Terms (P-R)
Payable-on-Death Account See "Totten Trust." Per Capita A way of distributing your estate so that your surviving descendents will share equally, regardless of their generation. Per Stirpes A way of distributing your estate so that your surviving descendents will receive only what their …