This part of the U.S. tax code allows you to exchange an existing variable annuity contract for a new annuity contract without paying tax on the income and investment gains in your current account. But you may have to pay surrender charges on your old annuity if you are still within the surrender period.
SECONDARY MARKET
Markets where existing securities are bought and sold.
SCHEDULES 13D AND 13G
Schedules 13D and 13G are commonly referred to as a “beneficial ownership reports.” The term “beneficial owner” is defined under SEC rules. It includes any person who directly or indirectly shares voting power or investment power (the power to sell the security). When a person or group of persons acquires beneficial ownership of more than… Continue reading SCHEDULES 13D AND 13G
SAY-ON-PAY VOTE
Required by law, most public companies must periodically (at least every three years) provide their shareholders with an advisory vote on the compensation of the most highly compensated executives. Companies are required to disclose (usually in a proxy statement [hyperlink to defined term]) how their compensation policies and decisions have taken into account the results… Continue reading SAY-ON-PAY VOTE
SAVINGS BONDS
Savings bonds are debt securities issued by the U.S. Department of the Treasury to help pay for the U.S. government’s borrowing needs. U.S. savings bonds are considered one of the safest investments because they are backed by the full faith and credit of the U.S. government. For more information on savings bonds, visit TreasuryDirect.gov.
SAVINGS BOND CALCULATOR
If you own or are considering purchasing a U.S. savings bond, the U.S. Department of Treasury’s Bureau of the Fiscal Service has designed a useful tool for determining the present and future value–as well as historical information, current interest rate, next accrual date, final maturity date, and year-to-date interest earned. Known as the Savings Bond Calculator,… Continue reading SAVINGS BOND CALCULATOR
SAVINGS
Income that is not spent on consumption but is put aside.
SAVING AND INVESTING APPS
“Saving and investing app” may refer to a variety of different mobile applications that use technology to help you save and invest. These apps are often marketed as an easy way to get started saving and investing. Users may be able to set goals and actions that help them save and invest—for example, rounding up… Continue reading SAVING AND INVESTING APPS
SALES CHARGE (OR LOAD)
The amount that investors pay when they buy (front-end load) or redeem (back-end load) shares in a mutual fund, similar to a commission. The SEC’s rules do not limit sales loads a fund may charge, but FINRA’s rules cap mutual fund sales loads at 8.5% of the purchase or sale, or at lower levels, depending… Continue reading SALES CHARGE (OR LOAD)
RULEMAKING, HOW IT WORKS
Rulemaking is the process that federal agencies use to make rules. Some rulemaking implements laws passed by Congress and signed by the President. Other rulemaking updates rules under existing laws or creates new rules within an agency’s existing authority that the agency believes are needed. The process is designed to give members of the public… Continue reading RULEMAKING, HOW IT WORKS