As you start out in life, your finances can seem overwhelming. How can you start saving money? Taking out loans? Financing a house? Before you can set attainable goals for yourself, you have to have a solid understanding of some basic financial terms. That's where we can help.
With the start of a new year, let’s review some of the basics.
Now that you have a better understanding of these basics, you can continue to learn about the world of finance and how you can be successful.
As always, please contact the office if you have any questions. Looking forward to our continual partnership.
This communication is designed to provide accurate and authoritative information on the subjects covered. It is not however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.
Distributions from traditional IRAs and employer sponsored retirement plans are taxed as ordinary income and, if taken prior to reaching age 59½, may be subject to an additional 10% IRS tax penalty.
8 Financial Terms You Should Know
January 21, 2021