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Reference

Reference

Plain-English definitions for the terms you'll encounter on your financial journey.

D
Direct Rollover🏖️ Retirement

A transfer of retirement funds from one plan provider directly to another, avoiding any tax withholding or penalties.

P
Payroll🏪 Small Business

The administrative task of calculating and distributing wages to employees, including tax withholdings and benefits.

T
Tax Withholding🧾 Taxes

The amount of money taken directly from an employee's paycheck by an employer to pay federal, state, and local taxes.