Terms

401(k) Plan: An employer-sponsored retirement savings plan that gives employees a choice of investment options, typically mutual funds. Employees who […]

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A type of tax-deferred retirement savings program available to employees of public schools, certain non-profits, and some members of the

A tax-advantaged way to save for future college expenses, such as tuition and housing.

A fee that some funds separately impose on investors for account maintenance. For example, individuals with accounts below a specified

Interest earned on a security but not yet paid to the investor.

The process of hand selecting securities with the purpose of trying to outperform a benchmark index. Active portfolio managers use

Total individual income, as defined by the Internal Revenue Code, less statutory adjustments—primarily business, investment, and certain other deductions.

Stock trading outside the regular hours of major exchanges such as the New York Stock Exchange and the Nasdaq Stock

The return from an investment after all income taxes have been accounted for and deducted. The SEC has adopted a