Here is a short list of Acronyms and Abbreviations that you may run across in your travels through our training and software.  Many of these you may be able to mouse over and get an explanation of inside the calculator or Presentation.

 

% Ordinary- Percent of total investment that is taxed as Ordinary income

Acc- Accumulation 

APPR.- Appreciation 

BOY- Beginning Of Year

CA- Current Age

Cap- Capital

CB- Client is Blind

CFW- Show this account on Cash Flow worksheet

CG- Capital Gains 

CP- Client Profile (personality test)

CVLI, PLI - Cash Value Life Insurance / Permanent Life Insurance

DB- Death Benefit

Distrib- Distribution

EOY- End of Year

ETR- Estimate Tax Rates

EWD- Early Withdrawal

FD- Fees Deductible

FGPS- Financial Global Positioning System

FIFO- Taxation- First in First out

IFR- Inflate Flatten Reduce

ILIT- Irrevocable Life Insurance Trust

Inflate@-  how much to inflate a contribution by percentage

ITR- Independent Tax Rate

LE- Life Expectancy

LI - Life Insurance

LIFO- Taxation- Last in First out

LO- Loan Officer

LTC- Long Term Care

M.P.- Major Purchases- refers to the tank in the PEM

NDB net Death Benefit

OC - Opportunity Cost

P&I- Principle and Interest

PEM- Personal Economic Model

PRS- Private Reserve Strategy

PTFL- Pay ordinary Taxes from Lifestyle

QP- Qualified Plan

RA- Retirement Age

RMD- Required Minimum Distribution

ROI- Return on Investment

ROR- Rate of Return

RRON- Retirement Ready or Not

SB- Spouse is Blind

SSWC- Spender Saver Wealth Creator

TDAT- Tax Deferred with After Tax Dollars

TDBT- Tax Deferred with Before Tax Dollars

TLS- Three legged Stool

TVM/INF/LE- Time Value of Money/Inflation/Life Expectancy

WD- Withdrawal