Glossary – Asset Management
and Retirement Planning Terms
Trust Accounts
To manage your estate planning needs, we often recommend exploring the possibilities of using a trust to minimize estate taxes and avoid the legal probate process as your estate passes to your heirs at the end of your planning horizon. There are numerous types of trust accounts available based on your unique goals and circumstances.
Custodial Accounts
There are two types of custodial accounts that are most commonly referred to as the Uniform Transfers to Minors Act (UTMA) and the Uniform Gifts to Minors Act (UGMA). These accounts can allow parents and/or grandparents to start investing for a child today. A UTMA or UGMA account is similar to a brokerage or taxable…
529 Savings Plans
By electing to save for your child’s education in a tax-advantaged 529 investment account, you can prepare children for education expenses they will incur. This account allows your money to compound over time if appropriately invested, and you don’t have to pay taxes on the earnings if the money is used for qualifying education expenses….
Asset Allocation
How you allocate your investments between asset categories as well as within categories (and in addition the types of accounts you choose to use) will also play a very large role in your future success. Asset allocation is an investment technique that is used to balance risk profile (upside and downside) by dividing a portfolio’s…
- « Previous
- 1
- 2
- 3
- 4