STRETCH IRA
Estate planning concept seeking to prolong the financial life of an Individual Retirement Account (IRA) throughout multiple generations. It allows the original beneficiary of an IRA to extend the assets to specified second-generation, third-generation, or fourth-generation beneficiary. Benefits can be extended from generation to generation while enjoying tax-deferred and/or tax-free growth.
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Clearing Fee
Fee a clearing house charges for its services. Often associated with futures trading, it include both brokerage fee and clearing fee.
Real Estate Investment Trust - REIT
A security that sells like a stock on the major exchanges and invests in real estate directly, either through properties or mortgages. REITs receiv ...
Sweetheart Deal
Agreement, merger, or sale in which one party offers the other party a very appealing terms and conditions. Normally, the terms and conditions are ...
Filing Status
A category that determines the type of tax return form a person will use.
The five filing statuses are:
Single filer
Electronic Funds Transfer Act
Federal law which gives protection to consumers engaged in transferring funds through electronic methods. The methods include debit cards, automati ...
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14:30 | NY Fed Empire State manufacturing index | Mar |