Glossary

Every Term, Defined

Retirement, tax, insurance, and business protection terminology used across every guide on this site. Every term gets a quick, clean definition here first — with a direct link to the full strategy guide if you want to go deeper.

How this works: Click any term for a fast, plain-English definition. Each definition page links onward to its full strategy guide.
1
1035 Exchange
Tax-free transfer between life insurance policies or annuities.
B
BOLI
Bank-Owned Life Insurance held on bank balance sheets.
Buy-Sell Agreement
Contract determining what happens to a business owner's share.
C
Concentrated Stock Position
When one stock dominates your net worth.
F
Fixed Indexed Annuity (FIA)
Market-linked growth with a guaranteed floor against loss.
H
Hybrid LTC
Long-term care coverage combined with life insurance.
I
IRC 7702(a)
Tax code section governing life insurance cash value growth.
IRMAA
Medicare surcharge based on income from two years prior.
IUL
Indexed Universal Life — permanent insurance with market-linked cash value.
K
Key Man Insurance
Business-owned life insurance on a critical employee.
L
Level-Funded Health Plan
Predictable group health cost with refund potential.
M
Mega Backdoor Roth
Moving significantly more into Roth than standard limits allow.
P
Premium Financing
Borrowing to fund a large life insurance policy.
R
REPTEC
Buckeye Financial's proprietary discovery framework.
RMD
Required Minimum Distribution — forced annual withdrawals.
Roth Conversion Ladder
Converting to Roth in planned annual increments.
S
Self-Funded Health Plan
Employer pays claims directly instead of a fixed premium.
Sequence of Returns Risk
Why the order of returns matters more than the average.
Special Enrollment Period
Window to enroll in health coverage outside open enrollment.
Stop-Loss Insurance
Caps employer exposure on self-funded health plans.
T
TPA (Third-Party Administrator)
Handles claims processing for self-funded health plans.