101 Personal Finance

  • 12b-1 Fees

    12b-1 Fees are fees paid out of fund assets to cover the costs of marketing and selling fund shares. “Distribution fees” include fees to compensate brokers and others who sell…

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  • 401(k) Plan

    What is a 401(k)? A 401(k) is a retirement account sponsored by an employer. 401(k)s lets workers save and invest a piece of their paycheck before taxes are taken. These…

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  • 403(b) Plan

    What is a 403(b) Plan? A 403(b) plan is a retirement savings plan available to employees of certain tax-exempt organizations, such as public schools, hospitals, churches, and nonprofits. It is…

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  • 457(b) Plan

    What is 457(b) Plan? A 457(b) plan is a type of retirement savings plan available to employees of state and local governments and certain nonprofit organizations, such as public schools…

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  • 529 College Savings Plan

    529 College Savings Plan A tax-advantaged way to save for future college expenses, such as tuition and housing. When saving for college, compound interest can be your friend. The sooner…

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  • 8-K

    Public companies file Form 8-K, known as the “current report,” to the SEC to announce major events that shareholders should know about, including bankruptcy proceedings, a change in corporate leadership…

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  • Account Fee

    A fee that some funds separately impose on investors for account maintenance. For example, individuals with accounts below a specified dollar amount may have to pay an account fee.

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  • Accrued Interest

    Interest that has been earned but not yet paid. With savings bonds, the amount of interest a security earns before it is issued. In most cases, securities don’t earn interest…

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  • Adjustable Rate Mortgage (ARM)

    An Adjustable Rate Mortgage or ARM is a mortgage loan that does not have a fixed interest rate. During the life of the loan, the interest rate will change based…

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  • Advance Fee Fraud

    Advance fee frauds ask for payment up front in order for the deal to go through. The advance payment may be described as a fee, tax, commission, or incidental expense…

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