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Tax and Penalty-free Withdrawals
A withdrawal (or distribution) from an IRA that is not subject to income taxes or penalties. A distribution from an IRA that is rolled over back to an...
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Tax Lien
A legal claim to property placed by a state or county government for unpaid property taxes. The state or county government sells tax lien...
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Tax Roll
A list of all taxed properties in a county with each plot's assessed value and the property owner's name.
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Tax-Deferred
Refers to investment earnings such as interest, dividends or capital gains that accumulate free from taxation until the investor withdraws and takes...
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Tax-Free Growth
The money deposited into a Roth IRA is taxed, and then assets experience tax-free growth and withdrawals.
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Taxable Distribution
The transfer of property from a tax-deferred account to a tax payer creating taxable income.
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TCA
Your new self-directed retirement account custodian will be Trust Company of America (TCA). Guidant will assist you in rolling any current retirement...
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Ten-Day Rule
The rule that all potential franchisees must see a UFOC from the franchisor at least 10 business days before any contract is signed and/or any money...
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Tenancy-in-Common
The ownership of real or personal property by two or more persons in which ownership at the death of one co-owner is part of the owner's disposable...
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Tenant
Someone who makes use of real property that they do not own in exchange for lease payments or other terms to the property owner.
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Trade Name
The name under which a business entity operates. May also be a name used to identify a commercial product or service, which may or may not be...
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Trademark
A unique name, logo, slogan or any combination of the above, that represents a company and its products or services.
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Traditional IRA
An IRA that is not a Roth, SEP or SIMPLE. A taxpayer makes contributions, sometimes tax deductible, to their account(s) up to a specified dollar...
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Transfer
Moving funds from one retirement plan to another, usually of like kind (Roth IRA to a Roth IRA). The transfer occurs between account custodians, not...
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Trustee
The person who manages assets owned by a trust under the terms of the trust document.
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Turnkey
A location that a franchisor builds and fully prepares for operation before selling it to a franchisee.
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Two-Step Mortgage
A mortgage with a low fixed interest rate for 5, 7 or 10 years, which is then adjusted to a new rate for the remaining duration of the loan.
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