Registered Investment Advisor (RIA)

Registered investment advisors (RIAs) are similar to financial advisors. These professionals are licensed and regulated and run operations to help people who have accumulated savings that they would like to invest.

Required Minimum Distribution (RMD)

A provision that requires withdrawal of funds from IRAs and other qualified plans by April 1 of the year after you reach age 70 ½. 

Rider

An addition to a life insurance or annuity policy that adds to or limits the policy’s base benefits.

Roth IRA

An individual retirement account that is funded with after-tax dollars, up to a specified amount every year. Any earnings and withdrawals from the account are not taxed if taken after age 59 ½ and after the account has been open for at least five years.