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DEFINITIONS - It is common to be unsure or confused about the terms used in the financial industry. We have included several definitions we hope clarify your understanding before you invest. Click on a letter below which is the same as the first letter of the term you wish to define:
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  Index – an indicator that reflects the value of a representative grouping of securities. For example, the Dow Jones Industrial Average or Standard & Poor Index of 500 Industrial Stocks  
     
  Individual Retirement Account (IRA) – an individual retirement account or an individual retirement annuity that holds assets on a tax-deferred basis. IRAs may provide the taxpayer deductions for contributions to the IRAs and tax deferrals on the earnings  
     
  In-Service Distribution – a withdrawal of vested money from a qualified plan to an employee who is still actively employed  
     
  IRS – Internal Revenue Service. The agency of the Treasury Department, headed by the Commissioner of Internal Revenue, charged with enforcing the tax laws  
     
     
     
     
     
     
     
     
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