What are Top Hat Plans?
The term “top hat plan” refers to special non-qualified retirement plans that are sometimes set up by companies for selected groups of individuals, who are usually key executives within the company....
View ArticleWhat are Spousal IRA Plans?
The term “spousal IRA” refers to an IRA that is set up and funded by an individual specifically for his or her spouse. These plans are generally implemented when a person’s spouse has little or no...
View ArticleWhat are Extended IRA Plans?
Extended IRA Plans, which are sometimes referred to as multi-generational IRA plans, are designed for use by individuals who do not want to spend all of the money accumulated in their IRA plan, or...
View ArticleThe Registered Retirement Savings Plan – RRSP
A Registered Retirement Savings Plan (RRSP) is used throughout a person’s career to allow money to be saved for retirement. These plans are designed to be tax-deferred and are registered by the Canada...
View ArticleThe Independent 401(k) Plan
Independent 401(k) plans, which are sometimes referred to as a solo 401(k), are designed for one individual who is operating a sole proprietorship. These plans can also be used when a person is...
View ArticleThe Registered Retirement Income Fund RRIF
A Registered Retirement Income Fund (RRIF) is similar in some ways to an annuity contract. They are designed to provide one or more beneficiaries with a constant flow of income that will last...
View ArticleWhat is a Keogh Plan?
A Keogh plan is a tax deferred pension plan, originally established through Congressional legislation in 1962 due to an effort led by Eugene Keogh. These plans are available to unincorporated...
View ArticleWhat are Guardian IRA Plans?
Guardian IRA plans are typically set up for the very specific purpose of providing for a minor child, or an adult who is mentally incompetent. Essentially, these accounts exist for the purpose of...
View ArticleThe Individual Retirement Annuity Plan
Individual retirement annuity plans are set up so that they share many structural similarities with a regular individual retirement plan (IRA). However, in the case of an individual retirement annuity...
View ArticleWhat is an Inherited IRA?
The term “inherited IRA” is used to refer to an individual retirement account (IRA), which after the owner’s death, is left to one of his or her beneficiaries. The tax laws for IRA plan inheritance can...
View ArticleWhat is an Integrated Pension Plan?
An integrated pension plan is one that is specifically associated with a person’s Social Security payments. This is done so that the total benefit that should be received by the participant in the plan...
View ArticleThe Defined-Benefit Plan
Defined-benefit plans have a long history, dating back to when retirement benefits were promised to those who served in the Revolutionary War. As the number of industries and companies increased, so...
View ArticleWhat are SBO-401(k) Plans?
SBO-401(k) plans are designed specifically for small business owners (SBOs). These plans are government registered and tax deferred, and can be used only by eligible participants. In order to be...
View ArticleAn Introduction to Mutual Funds
Mutual funds have become a very popular investment over the past twenty years. On the average, about half of the households in the United States currently invest in them. Mutual funds used to be a...
View ArticleSpotlight on REITs: Imperial Mortgage Holdings INC
Imperial Mortgage Holdings INC: This past Real Estate Investment Trust Company gave out loans and mortgages to commercial properties and residential homes, as well as buying mortgages from other...
View ArticleJapan’s New Stimulus Plan Pushes Oil Prices Upwards
Japan’s new stimulus plan has pushed oil prices upwards after they fell to a two weeks low point just recently. Japan, which is the 3rd largest consumer of crude oil, announced an extended and expanded...
View ArticleThe Importance And Benefits Of 529 Plan
Every parent wants their child to go to college but in most instances, parents don’t have the money to pay for the tuition fee and other associated expenses. However, even if money is tight, you are...
View ArticleAvoiding Most Common Estate Planning Mistakes
Estate planning is a very important step in life. Without proper estate planning, your family may have to go through long and tedious legal process after you have passed away. If you don’t give any...
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How financial advisors can help shopaholics
One of the biggest problems shopaholics face is stopping the un-stoppable urge to shop whenever they see a ‘sale’ sign. It is in our nature to stop and shop whenever we see a ‘sale’ sign because we...
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Investment Plans That Can Be Advantageous For You
When looking in the future, one of the most beneficial and intelligent move to take is financial investing. For years this technique has been considered one of the best routes to take in money...
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