Employee Benefits
This type of account allows employees to purchase company stock at a discount.
What is an ESPP (Employee Stock Purchase Plan)?
This type of IRA is funded with after-tax dollars but grows tax-free.
What is a Roth IRA?
This is a simple record of your income and expenses over a month.
What is a budget?
This is the practice of spreading your money across different investments to reduce risk.
What is diversification?
Contributions to this retirement account can be made with pre-tax or post-tax dollars. Some employers also contribute to this account.
What is a traditional 401(k)?
This health-focused savings account is paired with a high-deductible health plan.
What is an HSA (Health Savings Account)?
Employers often "match" contributions up to a certain percentage in this retirement plan.
What is a 401(k)?
This term refers to the total amount of money you owe to creditors.
What is debt?
This type of account is often used for long-term growth by investing in stocks and bonds.
What is an investment/brokerage account?
This document shows how much tax was withheld from your paycheck during the year.
What is a W-2 form?
This is the maximum amount of salary that can typically be deferred to a 401(k) plan in 2024.
What is up to $23,000 (under age 50) / $30,500 (age 50+)?
This type of IRA requires mandatory withdrawals starting at age 73 in 2024.
What is a Traditional IRA?
This term describes money left over after paying all expenses.
What is disposable income?
This popular type of investment represents partial ownership in a company.
What is a stock/share?
This account helps you save for medical expenses while reducing your taxable income.
What is an HSA or FSA?
The deadline for contributing to a Retirement Account for the previous tax year is this date.
What is April 15th?
A 403(b) plan is primarily available to employees in these sectors.
What are non-profits, public schools, and some religious organizations?
This document helps you plan how to spend your money each month.
What is a budget?
This is a way to earn money by loaning your funds to governments or corporations.
What are bonds?
This tax credit helps families with the costs of raising children.
What is the Child Tax Credit?
This benefit helps employees pay for tuition, books, and other education-related expenses tax-free.
What is Tuition Reimbursement?
The main types of 401(k) contributions are pre-tax and this.
What is Roth?
This is the process of setting aside money for future expenses.
What is saving?
This is the term for reinvesting profits back into your portfolio to grow it faster.
What is compounding?
This type of tax is applied to profits made from selling investments.
What is capital gains tax?