Glossary
Spousal IRA, Explained Simply
How a working spouse can fund retirement for a spouse with little or no income.
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Glossary
Annuity, Explained Simply
A contract that turns your savings into guaranteed income you cannot outlive.
Glossary
Solo 401(k), Explained Simply
A high-limit retirement plan for a one-person business, where you contribute twice.
Glossary
SIMPLE IRA, Explained Simply
A low-cost small-business retirement plan with a built-in employer match.
Glossary
SEP IRA, Explained Simply
A big-limit, low-paperwork retirement account for the self-employed and small shops.
Glossary
Title Insurance, Explained Simply
Protection against hidden legal problems in a home's ownership history.
Glossary
Mortgage Points, Explained Simply
An upfront fee that buys down your mortgage rate for the loan's life.
Glossary
Adjustable-Rate Mortgage (ARM), Explained Simply
A home loan whose rate starts fixed, then adjusts with the market.
Glossary
Earnest Money, Explained Simply
A good-faith deposit that shows a seller your home offer is serious.
Glossary
Home Appraisal, Explained Simply
An independent estimate of what a house is worth, ordered by your lender.
Glossary
Consumer Price Index (CPI), Explained Simply
The monthly measure of a common basket's cost, the everyday face of inflation.
Glossary
Debt Validation, Explained Simply
Your right to make a collector prove a debt is yours before you pay.