Tax-Deferred Growth

Section 401(k) Plan
A Section 401(k) Plan allows an employee to contribute pretax earnings to an individual account, invested in various financial instruments, accumulating tax-deferred until withdrawal.
Series I Bond
Series I Bonds are accrual-type securities designed for investors seeking to protect the purchasing power of their investment and earn a guaranteed real rate of return. They are characterized by inflation-indexed earnings that adjust over time.
Simplified Employee Pension Plan (SEP-IRA)
A SEP-IRA is a retirement plan specifically designed for self-employed individuals and small business owners, allowing for tax-deferred growth of retirement savings.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.