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In The Wizard of Oz, Dorothy famously states, "There's no place like"...
Home
Any type of investment, financial account, or savings plan that offers some type of tax benefit.
Tax advantaged
This represents a share in the ownership of a company.
Stock
Amount of money paid by consumer before the insurance plan starts to pay.
Deductible
The recurring amount of money an individual pays to keep an insurance policy active.
Premium
This 90s sitcom centered around the lives of Rachel, Monica, Phoebe, Joey, Chandler, and Ross living in New York City.
Friends
In this account type, funds are contributed before tax, meaning you pay the taxes later when you withdraw the money at your current tax rate.
Traditional IRA
This loan to a government agency or corporation features a fixed term and a fixed return rate.
Bond
This standard type of auto insurance covers repairs to your own vehicle specifically in the event of a car accident.
Collision
Doctors, hospitals, and medical providers that your health insurance company has a contract or lower negotiated rate with.
In Network
Katniss Everdeen volunteers as tribute to replace her sister Primrose in this dystopian survival series.
The Hunger Games
In this account type, funds are contributed after tax, allowing your money to grow and be withdrawn completely tax free.
Roth IRA
This is the broad term for the entire collection of buyers and sellers of stock.
Stock Market
A fixed, flat fee you pay directly out of pocket for a medical treatment or doctor's visit.
Copay
Healthcare providers that your insurance provider does not work with, resulting in higher out of pocket costs.
Out of Network
This giant, slow moving reptile native to an eponymous Pacific archipelago is the largest living species of tortoise.
Galapagos tortoise
Unlike Traditional IRAs, the Roth IRA has none of these mandatory annual withdrawals during the account owner's lifetime, allowing the money to stay in the account indefinitely.
Required Minimum Distributions
This financial tool tracks the performance of a specific, grouped portion of the stock market.
Market Index
The maximum amount a policyholder has to pay for covered services in a single year before the insurer pays 100%.
Out of Pocket Maximum
This auto insurance policy pays to replace your car if it is stolen, or repairs it if it's damaged by flood, fire, or vandalism.
Comprehensive Insurance
Invented in 1989 by Tim Berners Lee, the initials "WWW" at the beginning of a website URL stand for this.
World Wide Web
While you can withdraw your original contributions from a Roth IRA anytime without penalty, you generally must wait until age 59½ and meet this specific timeline rule to withdraw earnings tax free.
5 Year Rule
This specific type of basket investment can be bought and sold on an exchange throughout the day like a regular stock, unlike standard mutual funds.
Exchange Traded Fund (ETF)
This government-run program acts as a safety net, providing monetary aid to citizens with inadequate or no income.
Social Security System
A policy that secures and provides continuous income in the event that a participant can no longer work due to a severe injury or illness.
Disability Insurance