A formal contract for a bond that specifies maturity, coupon rate, call privileges, and other rights. An investment fund that attempts to mirror the performance of a particular broad market by holding a portfolio of stocks or bonds that is representative of that market. Earnings are tax-deferred until income is received after age 59 . Penalty-free withdrawals allowed for first home purchase and education. Minimum distribution rules apply.
Withdrawals are tax free if conditions are met.
Income limits apply. Distributions used to pay qualified expenses of a qualified student are excluded from income. Income limits determine eligibility. Increase in the volume of money and credit relative to available goods and services, resulting in a continuing increase in general price levels. U.S. Treasury securities and other bonds whose principal or interest is adjusted to track the inflation rate.