Slideshow Test your planning acronym expertise

Published
  • February 14 2017, 4:27pm EST
21 Images Total

So many financial planning acronyms, so little time.

We've assembled another series to study up on — on topics from life insurance and estate planning to general investing terms.

Click through the slideshow to brush up on acronyms you may not know (or may have forgotten). Test yourself by considering category and hints before flipping to the answer on the next slide.

Click here and here for even more acronyms. -- Maddy Perkins

Hint: An order, judgment or degree outlining the payment of marital property rights, child support or alimony to a current or former spouse, child or other dependent. It does NOT apply to IRAs and a fee can be assessed to transfer assets in a defined-contribution account.

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Hint: These closed-end companies invest in and assist with the initial development of small-to-medium-sized companies. Nontraded forms of these are high commission products, typically paying advisers a commission up to 7%.

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Hint: The official name for Social Security in the United States.


Hint: Small amounts of additional whole life insurance coverage that are fully paid up upon purchasing.

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Hint: A type of trust that allows the grantor to insure that a surviving spouse is cared for.

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Hint: The maximum allowable income that can be paid from a trust in a year.


Hint: An estate planning tool that allows the income of a trust to be taxable while the assets are excluded from the estate.

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Hint: Interest rates published monthly by the IRS for federal income tax purposes.

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A promissory note cancelled once the seller dies - the unpaid balance is not included in the payee's estate.


Hint: A technology platform that allows for advisers to outsource management of their clients' assets.

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