What Is an Investment Policy Statement (IPS)? An investment policy statement (IPS) is a document drafted between a portfolio manager and a client that outlines general rules for the manager. This statement provides the general investment goals and objectives of a client and describes the strategies that the manager should employ to meet these objectives. Specific
What Is an IRA? An individual retirement account (IRA) is a long-term savings account that individuals with earned income can use to save for the future while enjoying certain tax advantages. The IRA is designed primarily for self-employed people who do not have access to workplace retirement accounts such as the 401(k), which is available
What Is a Roth IRA Conversion? A Roth IRA conversion involves the transfer of retirement assets from a traditional, simplified employee pension (SEP), or SIMPLE IRA, or from a defined-contribution plan such as a 401(k), into a Roth IRA. While the account owner has to pay income tax on the money they convert, they will
What Is the Iraqi Central Bank? The term Iraqi Central Bank refers to the national central bank of Iraq. Established as Iraq’s independent central bank by law in 2004, the bank manages domestic monetary policy and supervises the country’s financial system. Commonly referred to as the Central Bank of Iraq (CBI), it is headquartered in
What Is an IRA Rollover? An IRA rollover is a transfer of funds from a retirement account, such as an employer-sponsored plan, into an individual retirement account (IRA). The purpose of a rollover is to maintain the tax-deferred status of those assets. IRA rollovers are commonly used to hold 401(k), 403(b), or profit-sharing plan assets that are
What Is an IRA Transfer? An IRA transfer (or IRA rollover) refers to transferring money from an individual retirement account (IRA) to a different account. The money can be transferred to another type of retirement account, a brokerage account, or a bank account. As long as the money goes into another similar-type account and no
What Is a Decedent (IRD) Deduction? Decedent (IRD) deduction is short for Income in Respect of a Decedent tax deduction. It is based on the income from any earnings, dividends, sales commissions, bonuses, or distributions from an individual retirement account (IRA) owed to individuals at the time of their death. Non-qualified annuities—annuities outside of an
What Is Euronext Dublin? The term Euronext Dublin refers to a cross-border stock exchange located in Ireland. It was formed in 2018 as a result of the merger between the Irish Stock Exchange and Euronext. The exchange provides Irish and international companies with access to European capital markets. Investors have access to a variety of
What is an Iron Butterfly? An iron butterfly is an options trade that uses four different contracts as part of a strategy to benefit from stocks or futures prices that move within a defined range. The trade is also constructed to benefit from a decline in implied volatility. The key to using this trade as
What Is an Iron Condor? An iron condor is an options strategy consisting of two puts (one long and one short) and two calls (one long and one short), and four strike prices, all with the same expiration date. The iron condor earns the maximum profit when the underlying asset closes between the middle strike prices
