Legal List

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DEFINITION of 'Legal List'

A selection of eligible companies and investments, determined by local state governments, for institutions such as insurance companies and pension plans.

BREAKING DOWN 'Legal List'

These are generally low risk, low volatile investments that insure the well-being of investors in institutions where safety of principal is of concern.

RELATED TERMS
  1. Pension Plan

    A type of retirement plan, usually tax exempt, wherein an employer ...
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    An investing tool used by individuals to earn and earmark funds ...
  3. 401(k) Plan

    A qualified plan established by employers to which eligible employees ...
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    A method that taxpayers can use to place retirement savings in ...
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    The amount of pension benefit accrued by an employee who had ...
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    An insurance policy exclusion that removes the insurer’s responsibility ...
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RELATED FAQS
  1. Can I fund a Traditional IRA, a 403(b) or a Roth IRA using pension money? I'm 56 ...

    Generally, for purposes of contributing to IRAs, 403(b)s and other retirement accounts, compensation is defined as income ... Read Full Answer >>
  2. Can my IRA be used for college tuition?

    You can use your IRA to pay for college tuition even before you reach retirement age. In fact, your retirement savings can ... Read Full Answer >>
  3. Why are IRA, Roth IRAs and 401(k) contributions limited?

    Contributions to IRA, Roth IRA, 401(k) and other retirement savings plans are limited by the IRS to prevent the very wealthy ... Read Full Answer >>
  4. How do you calculate penalties on an IRA or Roth IRA early withdrawal?

    With a few exceptions, early withdrawals from traditional or Roth IRAs generally incur a tax penalty equal to 10% of the ... Read Full Answer >>
  5. What are the best ways to use your 401(k) without a penalty?

    The best way to use your 401(k) retirement savings account is to take normal distributions after you reach retirement age. ... Read Full Answer >>
  6. Is my IRA protected in a bankruptcy?

    All types of individual retirement accounts, or IRAs, recognized under the federal tax code enjoy substantial protection ... Read Full Answer >>

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