What Is a Phantom Stock Plan? A phantom stock plan is an employee benefit plan that gives selected employees (senior management) many of the benefits of stock ownership without actually giving them any company stock. This type of plan is sometimes referred to as shadow stock. Rather than getting physical stock, the employee receives mock
What Is Phased Retirement? A phased retirement includes a broad range of employment arrangements that allow an employee who is approaching retirement age to continue working with a reduced workload, and eventually transition from full-time work to full-time retirement. Phased retirement may include a pre-retirement, gradual reduction in hours (or days) of work, then post-retirement
What Is a Phase Out? A phase out refers to the gradual reduction of a tax credit that a taxpayer is eligible for as their income approaches the upper limit to qualify for that credit. Typically, there is a specific income range that the U.S. Internal Revenue Service (IRS) uses to determines what taxpayers may be eligible
Retirement isn’t just one phase of life but multiple phases, especially with today’s increased life expectancy and retirements that often last for 20 years or more. Each phase has its own rewards, as well as financial and emotional challenges. Here is how some experts define the phases of retirement. Key Takeaways Retirement can last for
What Are Phi Ellipses? Phi ellipses are a Fibonacci trading tool used to aid investors in identifying price patterns, trends, and potentially trend reversals. The phi ellipses resemble an oval, drawn around price waves, highlighting the price’s path. When the price moves outside the phi ellipses, a new price pattern or trend direction is starting.
What Is the Philadelphia Federal Index? The Philadelphia Federal Index (or Philly Fed Survey) is a regional federal-reserve-bank index measuring changes in business growth. It is also known as the “Manufacturing Business Outlook Survey.” Key Takeaways The Philadelphia Federal Index (or Philly Fed Index) is a regional federal-reserve-bank index measuring changes in business growth covering
Philip Fisher was a renowned investment strategist and author of Common Stocks and Uncommon Profits. Known for his buy-and-hold approach to investing, Fisher’s principles identify long-term growth stocks and their emerging value based on fundamental analysis. Philip Fisher founded his investment firm, Fisher & Co., in 1931. Fisher died on March 11, 2004, at the
What Is the Phillips Curve? The Phillips curve is an economic theory that inflation and unemployment have a stable and inverse relationship. Developed by William Phillips, it claims that with economic growth comes inflation, which in turn should lead to more jobs and less unemployment. The original concept of the Phillips curve has been somewhat
What Is Phishing? Phishing is a method of identity theft that relies on individuals unwittingly volunteering personal details or information that can be then be used for nefarious purposes. It is often carried out through the creation of a fraudulent website, email, or text appearing to represent a legitimate firm. A scammer may use a
What Is the Philadelphia Stock Exchange (PHLX)? The Philadelphia Stock Exchange (PHLX), located in Philadelphia, Pennsylvania, was the first official U.S. securities exchange, formed in 1790. However, it currently focuses on equity, currency, and index options rather than stock trading. Understanding the Philadelphia Stock Exchange (PHLX) Originally known as the Board of Brokers, the PHLX
