Financial Terms & Definitions

If talking about finances feels like trying to learn a foreign language, we're here to help. As your trusted financial planners and investment managers, we want you to understand the terms, acronyms, and jargon that may arise during your financial journey.

From Amortization to Zero-Coupon, we've got you covered.
Here's our glossary of financial terms in alphabetical order to get you started.

401(k) Plan

Retirement savings account provided by employers. Contributions may come from the individual and/or the employer. In a traditional 401(k), contributions and any gains on investments are not taxed until funds are withdrawn. Some plans also allow Roth contributions. 401(k) funds are accessible when the owner is 59 1/2 or meets other criteria as decided by the IRS. If funds are withdrawn prior, they are assessed a 10% penalty tax in addition to the other tax owed.

< Back to Glossary