An expense ratio is the annual fee percentage charged by mutual funds and ETFs to cover operating costs,...
A living will is a legal document that states your medical treatment preferences when you cannot communicate,...
A Last Will and Testament is a legal document that directs how your assets and guardianship decisions...
Probate is the legal process that validates a deceased person's will, settles debts, and distributes...
Fiduciary duty is the legal obligation to act in another party’s best interest, critical in finance,...
Sequence of returns risk is the financial threat that the order of investment returns can significantly...
Monte Carlo Simulation uses repeated random sampling to predict a range of possible outcomes in financial...
Phased retirement allows employees nearing retirement to reduce their working hours gradually while maintaining...
The Uniform Transfers to Minors Act (UTMA) enables adults to transfer money or property to minors without...
The Uniform Gifts to Minors Act (UGMA) allows adults to transfer financial assets directly to minors...