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What is a cartel?
SIMPLE Plan
A Savings Incentive Match Plan for Employees that allows employees and employers to contribute to traditional IRAs set up for employees, intended for small businesses.
Tax-deferred Plans
Investment accounts, such as 401(k)s or IRAs, where contributions are tax-deductible and taxes on earnings are delayed until withdrawal.
Distribution
The payment of dividends, capital gains, or other earnings from an investment to its shareholders or partners.
Keogh Deduction
A tax deduction available to self-employed individuals or unincorporated businesses for retirement plan contributions.
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