Definitions
401k Plan
Tax-advantaged company sponsored investment plan
When are you eligible for the plan?
Directly after hire
As an aggressive investor, would you own more stocks or bonds?
Stocks
What is the US stock market referred to as?
S&P 500
What company holds the PERC Retirement Plan?
Fidelity
Money Market Fund
Guaranteed income
How often can I change my investment allocation?
Anytime
True or False: Owning a 50% Stock 50% Fixed income has never lost money over 5 years since 1950.
True.
What percentage return has the US Stock market experienced so far this year?
9% up.
How much do I need to save per day to be a millionaire?
$23
Roth Contribution
After tax
What is the PERC Match?
6%
What is the recommended strategy when market volatility occurs?
Remain Invested. Missing 10 Best days can reduce returns by over 50%.
What is the largest US company by stock market value?
Nvidia, which is an AI-based company. Showing enthusiasm in that company.
What percentage should I strive for to contribute to the plan?
10%
Bond
When are you fully Vested at PERC?
Immediately
True or False: Risk Profile and allocation determine expected return
True
Who is our current Federal Reserve Chairman?
Powell
When should I evaluate a ROTH contribution?
Anytime.
Target Date Funds
Age-based investment portfolio managed by Fidelity
What is the Default Investment in the plan?
Diversified Target Date Portfolio given your age
What is the expected volatility year to year of the stock market?
15%
Finish this sentence. The Magnificent ___ companies represent approx 33% of US stock market
seven
How many rule of 72 doubles, assuming 7% return, does a 35-year-old have until retirement at 65?
3 Doubles