Savings
What kind of interest do retirement accounts take advantage of?
Compound Interest
What does IRA stand for?
Individual Retirement Account
What type of investment represents ownership in a company?
Stock
Approximately what fraction of Americans have nothing saved for retirement?
1/3
What is a group of frogs called?
Army
What is the main reason to diversify?
Reduce Risk
Before 401k's, what did most people use when they retired?
Pension
What is the name of the index that tracks 500 of the largest companies in the U.S.?
S&P 500
What is the average amount people receive in social security? (+/- $100)
What is the best selling video game of all time?
Minecraft
HYSA
What is the main difference between a traditional IRA and a Roth IRA?
When you pay taxes (now vs. later)
What is a low-cost investment that pools money to buy a mix of stocks, bonds, or other assets?
Mutual Fund
What is it called when you retire, but then decide to work part time?
Semi-retired
What show is it my dream to be on?
Survivor
What is the recommended percentage of your income to save for retirement?
10%-15%
Where does the name "401k" come from?
Tax code
What does ETF stand for?
Exchange traded fund
What is the estimated percentage of people who rely solely on social security? (+/- 5%)
40%
What country has the highest life expectancy?
Monaco
How many years of work are required to qualify for Social Security benefits?
10 years
At what age does social security max out?
70
What does a T-Bond stand for?
Treasury
Which country has the highest average age of retirement?
Iceland
How many states have I been to?
30