Small Business Encyclopedia
Category: InvestingIndividual Retirement Account (IRA)
An interest-earning retirement savings account in which the allowable contributions and earnings aren't taxed until the funds are withdrawn, after age 59 1/2.
Dollar-Cost Averaging
To invest, as in shares of stock, fixed amounts of money at regular intervals so as to buy more at lower prices ad less at higher prices
Due Diligence
A reasonable investigation of a proposed investment deal and of the principals offering it before the transaction is finalized to check out an investment's worthiness; generally performed by the investor's attorney and accountant.
Roth IRA
A personal retirement savings vehicle created by the Tax Payer Relief Act of 1997. A Roth IRA allows certain investors to make non-deductible contributions of up to $4,000 annually and, provided certain requirements are met, offers tax-free and penalty-free withdrawals for important financial needs in addition to retirement.
Savings Incentive Match Plan For Employees (S
An individual retirement account for owners of businesses with 100 employees or less that's similar to a 401(k)
Simplified Employee Pension Plan (SEP)
A retirement plan that allows you to contribute and deduct up to 20 percent of self-employment income (25 percent of salary if you're an employee of your own corporation)
Popular Articles
The Side Hustle He Started in His College Apartment Turned Into a $70,000-a-Month Income Stream — Then Earned Nearly $2 Million Last Year
Kyle Morrand and his college roommates loved playing retro video games — and the pastime would help launch his career.
5 SEO Hacks to Help You Rank Fast
Discover the best SEO hacks you can use to rank fast and avoid waiting for months to see results.
Inside the Exclusive Private Club Devoted to Food, Wine and the Arts
Barrett Wissman breaks down the passions and partnerships behind his latest venture Domus Artium Reserve.
Elon Musk Threatens to Ban Employees from Using Apple Products, Says Will Lock Devices in 'Cages'
The Tesla founder sounded off on X following Apple's 2024 Worldwide Developer Conference on Monday.
Watch Out for These 5 Consequences of Too Much Collaboration
Beware of the collaboration trap! Too much collaboration causes overload, and well-intentioned efforts to have broad collaboration can backfire.
Why We Shouldn't Fear AI in Education (and How to Use It Effectively)
Facing resistance to new technologies in the educational process is nothing new, and AI is no exception. Yet, this powerful tool is set to overcome these challenges and revolutionize education, preparing students and professionals for a future of unparalleled efficiency and personalized learning.
