Please Define the Following Key Terms

question 53

Short Answer

Please define the following key terms.
-legates

---

Definitions:

Annual Return

The percentage change in an investment's value over a one-year period, taking into account both capital gains and dividend or interest earnings.

Roth IRA

A type of individual retirement account where contributions are made with after-tax dollars, but withdrawals during retirement are tax-free.

Traditional IRA

A Traditional Individual Retirement Account (IRA) is a type of retirement savings account that allows an individual to make pre-tax contributions, with the investments growing tax-deferred until withdrawals begin at retirement age.

Liquidated Investments

Investments that have been converted into cash or a cash-equivalent, typically to meet short-term financial obligations or shifts in investment strategy.