A dividend is a distribution of a portion of a company's earnings to its shareholders. It’s typically paid out in cash, though sometimes dividends can be issued as additional shares of stock. Here are some key points about dividends:

• Regular Payments: Dividends are usually paid on a regular basis, such as quarterly or annually.
• Income Source: For investors, dividends can be a reliable source of income.
• Sign of Company Health: Companies that regularly pay dividends are often considered financially stable and profitable.
• Types of Dividends: Dividends can be paid as cash or additional shares (stock dividends).

Dividends are a way for companies to share their profits with investors, rewarding them for their investment in the company.

A managed account in online brokerages is a type of investment account where a professional manager or a team of managers makes investment decisions on your behalf. These accounts are designed to help you achieve your financial goals by leveraging the expertise of experienced professionals. Here are some key features:

• Professional Management: Your investments are managed by financial experts who make decisions based on your financial goals, risk tolerance, and investment preferences.
• Personalized Strategy: Managed accounts often come with a customized investment strategy tailored to your specific needs and objectives.
• Diversification: These accounts typically include a diversified mix of assets, such as stocks, bonds, and other securities, to help manage risk.
• Regular Monitoring and Rebalancing: The account is regularly monitored and adjusted to ensure it stays aligned with your investment goals.

Managed accounts can be a good option if you prefer a hands-off approach to investing and want the benefit of professional management. 

Deferred and non-taxable financial accounts typically allow you to postpone or eliminate taxes on earnings and withdrawals. Here are some common examples:

• Tax-Deferred Accounts:
  • Traditional IRA (Individual Retirement Account): Contributions may be tax-deductible, and taxes on earnings are deferred until withdrawal.
  • 401(k) Plans: Contributions are made pre-tax, and taxes on earnings are deferred until withdrawal.
  • 403(b) Plans: Similar to 401(k) plans but for employees of public schools and certain tax-exempt organizations.
  • Deferred Annuities: Taxes on interest or earnings are deferred until withdrawal.
• Non-Taxable Accounts:
  • Roth IRA: Contributions are made with after-tax dollars, but earnings and withdrawals are tax-free, provided certain conditions are met.
  • Roth 401(k): Similar to a Roth IRA, but offered through employer-sponsored plans. Contributions are made after-tax, and withdrawals are tax-free.
  • Health Savings Accounts (HSA): Contributions are tax-deductible, and withdrawals for qualified medical expenses are tax-free.

These accounts offer tax advantages that can help you grow your savings more effectively over time. 

Taxable accounts include several types of investment and savings vehicles where any income earned is subject to taxation. Here are some common examples:

• Brokerage Accounts: These accounts allow you to buy and sell a variety of investments like stocks, bonds, mutual funds, and ETFs. Any gains, dividends, or interest earned are taxable.
• Savings Accounts: Interest earned on money kept in a regular savings account is subject to federal and, in some cases, state taxes.
• Certificate of Deposit (CD): Interest earned from CDs is taxable.
• Money Market Accounts: Similar to savings accounts, the interest earned is taxable.
• Bond Investments: Interest from most bonds is taxable, with some exceptions like municipal bonds, which may be exempt from federal taxes.

Income from these accounts needs to be reported on your tax return.

Here are the key differences between a checking account and a savings account:

• Purpose:
  • Checking Account: Designed for everyday transactions, such as paying bills, making purchases, and withdrawing cash.
  • Savings Account: Intended for storing money and earning interest over time.
• Interest Rates:
  • Checking Account: Typically offers little to no interest on your balance.
  • Savings Account: Generally offers higher interest rates to help your money grow.
• Access to Funds:
  • Checking Account: Provides easy access to your money through checks, debit cards, and ATMs.
  • Savings Account: Access is more limited, often with restrictions on the number of withdrawals per month.
• Fees:
  • Checking Account: May have monthly maintenance fees, but some banks offer fee-free options if certain conditions are met (like maintaining a minimum balance).
  • Savings Account: Usually have fewer fees, but there may be penalties for exceeding the withdrawal limit.

In short, checking accounts are for daily use, while savings accounts are for growing your money over time.

A fiduciary, in the context of finance, is a person or entity that is legally and ethically bound to act in the best interests of their clients. This means they must prioritize their clients' needs and financial well-being above their own. Fiduciaries can include financial advisors, estate planners, investment managers, and even corporate officers. Here's what you need to know about fiduciaries in finance:

• Best Interest: Fiduciaries are required to provide advice and make decisions that are in the best interest of their clients, rather than their own financial gain.
• Duty of Care: They must perform their duties with a high standard of care, using their expertise and knowledge to make informed decisions.
• Transparency: Fiduciaries must disclose any potential conflicts of interest and provide clear, honest information about fees, services, and risks.
• Accountability: They are held to high standards of trust and integrity and can be held legally accountable if they fail to uphold their fiduciary duties.

Fiduciaries play a crucial role in ensuring that clients receive unbiased, sound financial advice and management.re capital, and other complex investment products.

An accredited investor is someone who meets specific financial criteria set by regulatory authorities, allowing them to invest in certain high-risk investments that aren't available to the general public. These criteria typically include:

• Income: An individual must have an annual income of at least $200,000 (or $300,000 together with a spouse) for the last two years, with the expectation of earning the same or more in the current year.
• Net Worth: An individual must have a net worth of over $1 million, either alone or together with a spouse, excluding the value of their primary residence.
• Professional Qualifications: Certain entities, such as banks, investment firms, and insurance companies, can also qualify as accredited investors based on their financial expertise and assets under management.

Accredited investors are deemed to have the financial knowledge and ability to bear the risks of investing in private offerings, hedge funds, venture capital, and other complex investment products.

A money market account is like a hybrid between a checking and a savings account. It offers higher interest rates compared to a regular savings account, but it also provides some of the flexibility of a checking account. Here's a quick rundown of its key features:

• Higher Interest Rates: You can earn more on your balance compared to a traditional savings account.
• Limited Transactions: Typically, you can make a certain number of withdrawals or transfers each month.
• Check-Writing and Debit Card Access: Many money market accounts come with check-writing privileges and a debit card, giving you easier access to your money.
• Minimum Balance Requirement: Some accounts may require a higher minimum balance to avoid fees or earn the higher interest rates.

Money market accounts are a good option if you're looking for a safe place to park your money while earning a bit more interest, with the added benefit of some access to your funds.

A paid monthly subscription is a type of service where you pay a set fee every month to access specific products, services, or content. Think of it like a membership that renews automatically each month, allowing you to enjoy continued access as long as you keep paying the subscription fee. Here are some examples:

• Streaming Services: Platforms like Netflix, Spotify, or Disney+ offer access to their vast libraries of movies, shows, or music for a monthly fee.
• Software: Services like Microsoft 365 or Adobe Creative Cloud provide access to their software and tools on a subscription basis.
• Subscription Boxes: Monthly deliveries of curated products, such as beauty items, snacks, or fitness gear.
• Online Courses: Educational platforms like Coursera or Udemy may offer subscription options for unlimited access to courses.

Paid monthly subscriptions are convenient because they typically offer ongoing access to the service without requiring a long-term commitment. Be ware though of how many active ones you do have.

Here are a few examples of where the term High-Interest can be used:

• High-Interest on Credit Cards (Outgoing): This refers to the high interest rates charged on the unpaid balance of your credit card. If you carry a balance from month to month, you’ll be charged interest, which can add up quickly. These rates are usually significantly higher than other types of loans or credit.
• High-Interest Savings (Incoming): This refers to the interest you earn on your savings account. A high-interest savings account typically offers a better return on your money compared to a regular savings account, helping your funds grow over time.

So, high interest can work both ways—it's something to be mindful of when borrowing with credit cards and something to seek out when saving your money. If you need more details or have other questions, just let me know!