An increase in the price of products and services over time. The government’s main measure of inflation is the Consumer Price Index.
A broad class of assets with similar characteristics. The five investment categories include cash alternatives, fixed principal, equity, debt, and tangibles.
A trust that may not be modified or terminated by the trustor after its creation.
Most pension plans must offer this form of pension plan payout that pays over the life of the retiree and his or her spouse after the retiree dies. The retiree and his or her spouse must specifically choose not to accept this payment form.
Co-ownership of property by two or more people in which the survivor(s) automatically assumes ownership of a decedent’s interest.
Property owned by two or more persons under joint tenancy, tenancy in common, or, in some states, community property.
Limited partnerships pool the money of investors to develop or purchase income-producing properties. When the partnership subsequently receives income from these properties, it passes the income on to its investors as dividend payments. Limited Partnerships are subject to special risks such as illiquidity and those risks inherent in the underlying investments. There are no assurances…