Federally Insured
guarantees your money in insured financial institutions up to the maximum allowed by law
What are FDIC (Federal Deposit Insurance Corporation) and
NCUA (National Credit Union Administration) ?
Everyone is eligible. There are no income limitations or age restrictions.
What is a 529 Plan?
U.S. Treasury Securities and Savings Bonds are backed by the U.S. government so they are a
__ __ __ __ investment.
What is s a f e (safe) ?
Educate yourself by talking to
- your bank
- a reputable financial advisor or
-an investment firm
What should you do before you invest in stocks bonds and mutual funds ?
- Individual Retirement Arrangements
-401(k) and 403(b) plans
- annuities
What are types of retirement investments ?
get a list of your withdrawals, deposits, fees and interest earned
What is Statement Savings Account ?
The money in this account may be used for
- job training
- college education
- small business start up
- down payment for a home
What is an IDA (Individual Development Account) ?
US bonds that are purchased for half the face value.
So if you have a $50 bond it would only cost $25.
It still has to be held for a minimum of one year.
What is EE bonds ?
Your investment may earn and grow more than a regular savings account. The greater the risk, the
____________ .
What is
"expected rate of return on the investment " ?
a personal savings plan where the amount of the investment is taxed at the time of the investment. There are never any taxes paid on the interest earned or when any of the amount of the investment is taken out.
What is a Roth IRA ?
the interest rate goes up the longer you promise to keep the money in the account
What is Certificate of Deposit ?
matched savings account.
When an account is matched, it means another organization, such as a foundation, corporation, or government entity, agrees to add money to your account to match the money you save in it.
What is an IDA (Individual Development Account) ?
Bonds that are purchased at face value. So if you have a $50 bond, it would cost $50.
It has to be held for a minimum of one year,
What is I bond ?
You are lending money to a corporation for a certain period of time.
What is a corporate bond ?
a personal savings plan that gives you tax advantages for saving for retirement. The amount of the investment and interest earned are not taxed until a person has retired
What is a Traditional IRA?
This account usually pays a higher rate of interest and usually requires a higher minimum balance to earn interest than a regular savings account.
What is Money Market account ?
Education savings plan operated by a state or educational institution. It is designed to help families set aside funds to pay for future college costs. There are two plans: prepaid tuition and savings.
What is a 529 Plan?
This type of bond provides protection against inflation and pays interest twice a year.
What are Treasury Inflation Protected Securities ?
A professional manages these and they typically include stocks and bonds..
What are mutual funds?
a retirement savings plan established by an employer that lets its employees set aside a percentage of their pay before taxes are taken out
what is a 401(k) ?
This is an account you join to save money for a special reason, such as a holiday or family vacation.
What is a Club Account ?
portions of the company's profits that the company gives to you as a shareholder
What are dividends ?
a retirement savings plan for employees of public schools and certain tax-exempt organizations
What is a 403(b)?