Retirement planning
what is a retirement plan?
A strategy for saving and investing money for your retirement.
One reason we pay taxes?
government services
What’s a good credit score
760+
Investments Definition
Investment is the purchase or production of physical capital—such as factories, machinery, tools, and inventory—that will be used to create other goods and services in the future
What year did the titanic sink?
1912
What is retirement?
When you stop working, usually after reaching a certain age
Name one main type of taxes
Progressive or regressive
What’s a credit card
Using borrowed money that must be paid back
How should you invest?
Financial goals and risk tolerance.
What animal is on the Porsche logo?
Horse
What is income?
This is money you earn from working.
true or false, Federal and state income taxes are the same thing.
false
What’s the most common Mortgage
Fixed rate mortgage
Difference between Bulls and Bears?
bull is good (stock prices are rising) and bear is bad (a recession is looming)
What is the name of the cowboy in toy story?
Woody
What is a compound interest?
Interest which you receive based on the prior interest earned.
What tax is usually taken out of your paycheck?
income tax
What is insurance?
A arrangement where a company or government agency provides a guarantee of compensation for a specific loss
What is Crypto Currency risk level
High
Which planet has the most famous ring system?
Saturn
What is social security?
This government program can provide monthly income to eligible retirees
What form does an employee usually receive from an employer showing their yearly wages and taxes withheld?
W-2
What’s a good thing about Roth IRA when you are retired and withdrawing your money
Your money can grow tax free, meaning your money will be shielded from taxes
Benifits of Index funds
Lower fees and long term growth.
What is the only food that can last for thousands of years without spoiling?
honey