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Glossary of Common Retirement Planning Terms
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Capital Gain or Loss
A capital gain or loss is calculated by taking the purchase price of a capital asset minus the sales price of that same asset. If the difference between the two is positive, then it is considered a financial gain. If the difference between the two is negative, then it is considered a financial loss.
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Certificate Amount
A certificate amount is issued by banks as a Certificate of Deposit (CD). This is a perfect way to save when you want your money to earn more than a traditional savings account and do not need access to your savings for a specific period of time.
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727-328-7575
Coastline Financial Solutions
146 2nd Street North, Ste 206
St. Petersburg, FL 33701
Coastline Financial Solutions | 146 2nd St N Ste 206 St. Petersburg, FL 33701 | Tel: 727-328-7575
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