Section K Plan

Definition of "Section 408 (k) plan"

Section of the Internal Revenue Code that provides for SIMPLIFIED EMPLOYEE PENSIONS (SEP).

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Related Real Estate Glossary terms

Risk

Fluctuation in sales, profits, rat of return, etc. Likelihood of declining value. ...

Rate Of Return Method Of Cost Comparison

Approach advocated by the Federal Trade Commission (FTC) in its 1979 life insurance cost disclosure ...

Assistive Technology

Items, equipment, or systems used to increase, improve, or maintain the capabilities of people with ...

Pro Rata Distribution Clause

Provision in many property insurance policies that automatically distributes coverage over insured p ...

Abusive Tax Shelter

Illegal tax deduction (as determined by the Internal Revenue Service) taken under the auspices of a ...

Quality Insurance Congress (qic)

Organization founded in 1993, the thesis of which is to apply quality management principles to insur ...

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A CD, or Certificate of Deposit, is an investment usually made for a given period of time at a fixed ...

Why Do People Refinance?

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to t ...

Should I Pay Points For A Lower Rate?

Paying points for a lower interest rate is a trade off between paying money now versus paying money ...

Should I Pay Extra Each Month?

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What is title insurance? What is an annuity? What is a gift letter? What is a mortgage insurance premium (MIP)? What is a buydown?