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In the case of defined-contribution plans, in 2015 what are the maximum contribution limits by an employee under the age of 50 to a qualified pension plan, a 401(k) plan, a Keogh plan, SEP, and SIMPLE plan?
Insurance Settlement
The amount paid by an insurance company to a policyholder or claimant as compensation for a covered loss.
Lump Sum
A single payment made at a particular time, as opposed to a series of smaller payments or installments.
Interest Rates
The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
Ordinary Annuity
A series of equal payments made at regular intervals, with interest compounded at the end of each period.
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