Retirement
Ways to save for retirement
401k, direct deposit, save tax refunds, contribute to the certificate of deposit
What is a basic definition of insurance
A means of protection from financial loss
What is the main tax based on your geographic location
State Tax
What cash and banking services are the most commonly practiced?
Assessing market liquidity, cash flow, and investments
What is a mutual fund?
A mutual fund pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt
Name an account basic retirement funds usually begin
401k
Which state has the highest tax rates for income?
California
What services are known for creating a mangers plan, maintaining facilities and supervising activities that include record-keeping, mail distribution, and office upkeep
Administrative Services
What is a fixed income investment?
A fixed income investment generally pays a return on a fixed schedule, though the amount of the payments can vary
Average retirement age
60
A share which entitles the holder to a fixed dividend, whose payment takes priority over that of common-stock dividends.
Stocks
Average retirement savings
$107,000
Name 2 things you can invest in besides bonds or stocks
luxuries, property, savings account with interest
What is an IRA (explain)
Also known as an Individual Retirement account. A tax-advantaged investing tool that individuals use to earmark funds for retirement savings
What is the best known type of security for fixed income?
Individual bonds