Glossary

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Stock warrants

A stock warrant is a contract that gives someone the right to buy or sell a security at a certain price before a specific date. It’s a type of derivative, similar to an option, which is a financial contract that derives its value from an underlying asset.

SEP IRA

A SEP IRA — short for simplified employee pension plan — is a tax-advantaged retirement plan designed for business owners. While it can be used by businesses of any size, it’s often used by small business owners and self-employed individuals.

Stagflation

Stagflation is an especially difficult economic environment created by the combination of several factors: slow economic growth, high inflation, and a high unemployment rate.

Simple IRA

A SIMPLE IRA — short for Savings Incentive Match Plan for Employees IRA — is a retirement plan designed for small business owners and their employees to save for retirement.

Solo 401(k)

A solo 401(k), also known as a one-participant 401(k) plan, is for a company with no employees. A solo 401(k) shares all the characteristics of any other 401(k) plan, but it only covers the business owner and their spouse.

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Recent Terms

SEP IRA
A SEP IRA — short for simplified employee pension plan — is a tax-advantaged retirement plan designed for business owners. While it can be used by businesses of any size, it’s often used by small business owners and self-employed individuals.
High earner, not yet rich (HENRY)
HENRY is an acronym for "high earner, not yet rich." It is used to describe someone who earns a high income, usually between $100,000 to $500,000, but has not saved or invested enough to be considered rich. HENRYs typically spend a large portion of their earnings on expenses and purchases.
Non-deductible IRA
A non-deductible IRA is not a type of retirement account. Instead, it refers to non-deductible contributions made to a traditional retirement account. This retirement savings strategy is for those whose income exceeds the limits to make deductible IRA contributions or to contribute to a Roth IRA.