Glossary

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.

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