Ask Brightdime

See how our BrightDime coaches answer some of our most commonly asked financial questions

Menu
Skip to content
  • Home

Category: Glossary

  • Glossary

Dollar-Cost Averaging

  • Posted on January 18, 2024January 18, 2024
  • by BrightDime

Instead of attempting to time the market and buy securities (stocks, bonds, mutual funds, ETFs) when their prices are low, dollar-cost averaging is a strategy to buy a smaller, consistent…

Read More
  • Glossary

tax deduction

  • Posted on February 26, 2020July 26, 2022
  • by BrightDime

A tax deduction is a dollar amount subtracted directly from your income that lowers the amount that you are ultimately taxed on for the year, called your “taxable income”. The…

Read More
  • Glossary

credit utilization

  • Posted on October 30, 2019July 26, 2022
  • by BrightDime

Credit utilization is a single measure that combines how much credit you have available (how much you’re allowed to borrow) and how much credit you’re using (how much you have…

Read More
  • Glossary

executor/executrix

  • Posted on October 24, 2019July 26, 2022
  • by BrightDime

An executor or executrix is the named individual (male/female) that is in charge of following the deceased’s wishes as expressed in the will. Their responsibilities can include managing assets, gathering…

Read More
  • Glossary

trustee

  • Posted on October 24, 2019July 26, 2022
  • by BrightDime

A trustee is a named individual or firm appointed to oversee a trust. They have responsibilities such as holding and/or managing assets for the benefit of a third party based…

Read More
  • Glossary

legal guardian

  • Posted on October 24, 2019July 26, 2022
  • by BrightDime

A legal guardian is a person appointed by a court to care for and manage the assets/property of a person who is not of legal age (the “ward”) or deemed…

Read More
  • Glossary

probate

  • Posted on October 24, 2019July 26, 2022
  • by BrightDime

Probate is the process of administering a deceased person’s estate (their money, real estate, assets and possessions) and distributing the remainder after all debts and taxes are paid. If there…

Read More
  • Glossary

FDIC

  • Posted on October 15, 2019July 26, 2022
  • by BrightDime

The FDIC (Federal Deposit Insurance Corporation) insures deposits of account holders at financial institutions against the failure of the institution. The insurance is paid for by the financial institution and…

Read More
  • Glossary

FAFSA

  • Posted on October 11, 2019July 26, 2022
  • by BrightDime

FAFSA (Free Application for Federal Student Aid) is a very detailed application process to determine your financial need and whether you qualify for federal student financial aid such as grants…

Read More
  • Glossary

roth ira

  • Posted on October 10, 2019July 26, 2022
  • by BrightDime

A Roth IRA (Individual Retirement Account) is a type of tax advantaged retirement savings account. Contributions are made with after-tax dollars and withdrawals are tax free when withdrawn in retirement.…

Read More

Posts pagination

Page 1 Page 2 … Page 10 Next Page

Topics

401(k) asset basics benefits Bright Idea budget budgeting credit credit agencies credit card credit report credit score debt emergency fund Event Recordings Financial Checkup FSA Getting Started Goal Planning Goals health healthcare home buying homeowners HSA Improve Credit insurance investing investments IRA liability loan loans medical mortgage pre-tax rainy day fund Reduce Debt retirement Save More saving savings student loan taxes tax return
© Copyright 2024 – BrightDime
Bezel Theme by SimpleFreeThemes ⋅ Powered by WordPress