Glossary
a | b | c | d | e | f | g | h | i | j | k | l | m | n | o | p | q | r | s | t | u | v | w | x | y | z | 4
- pension
- An employer sponsored retirement plan where an employer will pay a retired employee a stream of incomeYour total taxable earnings. (or lump sum if the option is available). Payment amount is based on factors such as employment history and salary.
- periodic withdrawals
- Money taken out of your account on either a regular or irregular basis.
- portfolio manager
- One or more people who are responsible for selecting and managing the investments inside of a mutual fundA professionally managed pool of investments that allows you access to multiple investments inside of a single solution. Each shareholder participates in the gain or loss of the fund. Shares are issued and can be redeemed as needed. or other pooled investment.
- power of attorney
- A legal document that enables someone else to act on your behalf. Assigning a power of attorneyA legal document that enables someone else to act on your behalf. Assigning a power of attorney ensures that someone will look after your affairs if you become incapacitated. ensures that someone will look after your affairs if you become incapacitated.