Glossary

annuity
An investment product that provides tax-deferredA feature of many retirement accounts where the income taxes on the earnings and sometimes on initial investments are delayed until withdrawals are taken from the account. growth and the option to convert to a stream of incomeYour total taxable earnings. payments. Many annuitiesAn investment product that provides tax-deferred growth and the option to convert to a stream of income payments. Many annuities offer special features at additional fees that may be of interest to some investors. offer special features at additional fees that may be of interest to some investors. See also: fixed annuity, index annuity, variable annuity Synonyms: annuities
asset class
A group of securitiesAn investment that has financial value, such as stocks and bonds. with similar characteristics. The three main asset classes are equities (i.e. stocksOwnership in a part of a company where your investment sees gains or losses based on that company's performance.), fixed-incomeYour total taxable earnings. (i.e. fixed annuitiesAn insurance contract that guarantees a particular rate of return for a declared period of time. Generally, rates can reset throughout the length of the contract. Guarantees are backed by the claims-paying ability of the issuing insurance company. or bondsA loan to a company or the government for a certain period of time in exchange for interest payments.) and cash equivalents (i.e. money marketBank account that typically offers a higher interest rate in exchange for maintaining a larger minimum balance. Typically FDIC Insured if account meets required limits. accounts).
assets
Generally any property or object of value. For this website, we consider any property earmarked as investments intended to fund your retirement. Synonyms: asset

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