Roth IRA
The Roth IRA is a type of IRA in which contributions are not deductible, but distributions (including earnings) can be tax free if certain conditions are met - account maintained at least 5 years and over age 59 1/2. Contributions to a Roth IRA are made with money on which taxes have already been paid. So the principal amount is never again subject to taxes or penalties.

Rollover IRA
You can move money in one traditional IRA to another traditional IRA without penalty, and without owing income tax on any earnings that may have accumulated. What you're doing is "rolling over" your IRA.

You may also move assets in an employer-sponsored plan, such as a 401(k), 403(b), or 457 into an IRA if you retire, change jobs, or your employer ends the plan. Moving the money to an IRA means that your retirement savings can continue to accumulate tax deferred until you are ready to begin withdrawals or move the money back into a new employer's plan. This type of IRA is sometimes known as a "rollover IRA".
 

403(b)
The 403(b) is a tax deferred retirement plan available to employees of educational institutions and certain non-profit organizations as determined by section 501(c)(3) of the Internal Revenue Code. Contributions and investment earnings in a 403(b) grow tax deferred until withdrawal (assumed to be retirement), at which time they are taxed as ordinary income.
A Fred Secor, Jr., offers specialized 403(b)/TSA services.

457 Plans
A 457 plan is a long-term retirement savings program offered to employees of state or local governments or certain tax-exempt organizations. A 457 plan allows you to defer compensation on a pre-tax basis through payroll deductions and defer federal, and in some cases, state taxes until you begin receiving annuity payments at retirement.

SEP IRA (Simplified Employee Pension)

SEPs provide a simplified method for you to make contributions to a retirement plan for your employees. Instead of setting up a profit sharing or money purchase plan with a trust, you can adopt a SEP agreement and make contributions directly to a traditional individual retirement account or a traditional individual retirement annuity (SEP-IRA) set up for each eligible employee.

SIMPLE IRA (Savings Incentive Match Plan for Employees)

Under a SIMPLE IRA plan, employees and employers make contributions to traditional Individual Retirement Arrangements (IRAs) set up for employees (including self-employed individuals), subject to certain limits. It is ideally suited as a start-up retirement savings plan for small employers who do not currently sponsor a retirement plan.  Because this is a simplified plan, the administrative costs should be lower than for other, more complex plans.
 

Educational Savings Plans are state-sponsored; tax-advantaged savings plans that can help families and individuals save for higher education expenses. These plans offer a number of benefits, including tax-deferred growth and federal income tax-free withdrawals when used for qualified education expenses.  Earnings not used for qualified education purposes are subject to ordinary income tax and an additional 10% federal tax penalty.

In addition to the federal tax benefit, many states offer a state income tax deduction for contributions to their plans as well as state income tax-free withdrawals for qualified expenses.  Plans are issued by state governments.  Your state plan may offer tax advantages over those of another state.

Plans are sold by offering statement. Carefully consider a plans investment objectives, risks, charges and expenses associated with municipal fund securities before investing. This and other information is contained in the offering statement available from your representative. Read the offering statement carefully before investing.

Coverdell ESA  (Education Savings Account)

A Coverdell ESA is a trust or custodial account created or organized in the United States only for the purpose of paying the qualified education expenses of the designated beneficiary of the account. When the account is established, the designated beneficiary must be under age 18 or a special needs beneficiary. The Coverdell account can be used for grades K-12, as well as for college education and beyond (until your child is 30 years old). The money in a Coverdell account can be used for tuition to any private elementary, middle, or high school.

Coverdell ESAs are funded with after-tax money so contributions are not deductible, but investment earnings accrue tax-free and withdrawals for qualified education expenses are exempt from federal taxes, as long as withdrawn for qualified education expenses.

Term Life Insurance
This is life insurance you buy for a specific period of time, usually 5, 10, 15, 20 or 30 years. It pays the amount of the policy to your beneficiary if you die before the end of this period. By buying a longer term policy, your costs can be stretched out to avoid the annual increases found in non-guaranteed term life.  At the end of the Level Term Period, coverage ends.
 
Whole Life or Ordinary Life
Whole life policies stretch the cost of insurance out over a longer period of time in order to level out the otherwise increasing cost of insurance. In this case, however, it is spread not over a few years but over your entire life. Your excess premium dollars are invested in the company's general portfolio.  This type of policy builds cash value and has loan provisions.
 
Universal Life
This option offers greater flexibility than whole or term life. After your initial payment, you can reduce or increase the amount of your death benefit (although to increase the amount, you'll probably have to give the insurance company medical proof that you are still in good health). Also, after your initial payment, you can pay premiums any time, in almost any amount within the policy's required minimums and maximums.

Disability Insurance
Disability insurance can offer a financial safety net as there may be expenses for medical costs, debts and final expenses upon death. When you're unable to work for an extended period of time because of an injury or illness, it pays monthly benefits until you are well enough to return to work.
 
Long Term Care
Long Term Care provides for the day-in, day-out assistance you need when a serious illness or disability renders you unable, physically or cognitively, to care for yourself for a lengthy period of time. Long Term Care can be provided at home or at a nursing facility, assisted living or alternate care facilities.