| 401(k)/403(b) |
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An employer-sponsored investment plan that allows individuals to set aside
tax-deferred income for retirement or emergency purposes. 401(k) plans are
provided by employers that are private corporations. 403(b) plans are provided
by employers that are not-for-profit organizations. |
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| 401(k)/403(b) Loan |
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Some administrators of 401(k)/403(b) plans allow for loans against the
monies accumulated in these plans monies must be repaid to avoid serious
penalty charges. |
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| 1031 Tax Deferred Exchange |
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A method of exchanging real estate whereas the parties involved defer
taxation of any Capital Gains. |