Key Terms
What is a portfolio?
What is a list of your investments
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Every time you pull money from your 401k, the IRS takes a __% penalty fee
What is 10%
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Protect your _____ and your _____.
What is your money and investments
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Make a long-term _____ to support your favorite charities
What is a commitment
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You should invest __% of your income for retirement
What is 15%
What is a will?
What is a legal document listing how a person wants their assets distributed after their death
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A ROTH 401k or IRA grows tax-free
You pay _____ on that money before you put it into the account, so it’s not _____ as it grows or when you pull it out
What are taxes
What kind of companies should you invest in?
What are trustworthy companies
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Be proactive in your _____. Take time to identify causes or charities that matter to you.
What is giving
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Investing is a _____, not a_____
What is a marathon and a sprint
What is a dividend?
What is a distribution from the net profits of a company to its shareholders
True or False: Are 401k and IRA investments?
False. They are a tax-advantaged bucket to put investments into (they protect your savings from taxes over time).
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Investing can be risky because you can lose the money you invest, if the company you invest in ends up _____.
What is plummeting
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Concentrate your giving on just a few organizations so your _____ can have a real impact through them.
What are donations
What is the first ingredient to building wealth?
What is money
What is Estate Planning?
What is the preparation of tasks to manage an individual’s assets after death
Put the following choices in order from first to last based on how you should make investments:
a. ROTH
b. Traditional
c. Match
Match > ROTH > traditional
Why should you invest in more than one company?
What is the fact that you should play it safe because investing in only one company is like betting everything on only one horse in a horse race
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Research the charity’s financial records and see how much of their _____ go to salaries and the cost of running the organization. You should feel confident that the money you give is being used to help people—not being spent on administrative costs.
What are funds
What is the second ingredient to building wealth?
What is time?
What does prospectus mean?
What is a description of the investing strategy the mutual fund management company will use to invest your money
What does IRA mean?
What is an Individual Retirement Arrangement
What book of the Bible is this verse from?
_____ 11:14 - “Where there is no counsel, the people fall, but in the multitude of counsel, there’s safety."
What is Proverbs
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Check the charity’s commitment to _____ and _____.
What is accountability and transparency
What is the third ingredient to building wealth?
What is the rate of return