Glossary

1 5 A B C D E F G H I L M N P Q R S T U W Y
1 5 A B C D E F G H I L M N P Q R S T U W Y

I

  • Index Fund

    An index fund is a passively managed mutual fund that tries to track the performance of a market index, such as the S&P 500. See also: Passive Management.

  • IRA

    An Individual Retirement Account (IRA) is a retirement plan for investors. There are two types of IRAs. The traditional IRA invests either before-tax money or after-tax money, deferring taxes on the before-tax contributions and earnings until the individual reaches age 59-1/2. Distributions from a traditional IRA are taxable except for return of any after-tax contributions. The Roth IRA invests after-tax money, with tax-deferred earnings. Distributions from a Roth IRA are tax-free if they are a return of contributions or if the individual has reached age 59-1/2.  

  • IRS

    The IRS is the Internal Revenue Service of the United States, responsible for collecting taxes and enforcing U.S. tax law.

SIGN UP FOR OUR NEWSLETTER

FOLLOW US
ON SOCIAL MEDIA

The Education Plan Logo White

The Education Plan® and The Education Plan® Logo are registered trademarks of The Education Trust Board of New Mexico used under license.


Accessibility, Privacy & Cookie Policy


Phone: 1-877-337-5268
We're available Monday to Friday 8 a.m. to 7 p.m. MT

OPEN AN ACCOUNT LOGIN
VIEW LEGAL DISCLOSURE