Taxes
The type of account that has tax-free withdrawals specifically for educational expenses
What is a 529?
A collection of stocks, bonds, and/or other securities that provides easy diversification
What is a mutual fund?
Paul's Wife
Who is Megan?
When money grows on money
What is Compound Interest?
The 3 ways your money can be taxed in an investment
What are Tax Now, Tax Later, & Tax Never Again?
A Simple Math Formula to estimate how many years it will take for your money to double based on an Average Interest Rate
What is the Rule of 72?
72 / I = Years to Double
The physical condition that Paul was born with
What is a Club Foot?
The transfer of $124 Trillion to the next generations
What is the Great Wealth Transfer?
If an investment is held for more than 12 months, it gets taxed at this
What are Long-Term Capital Gains?
These can act as an "eraser" if you have loses in an investment
What are Buffers?
Paul's Broker/Dealer and Back Office Company
What is Transamerica Financial Advisors?
The term for when your portfolio has eggs in multiple baskets
What is Diversification?
The Highest Tax Bracket in US History
What is 94%?
The US index that primarily focuses on tech stocks and has grown ~20% over the last year
What is the NASDAQ?
Paul's Degree
What is Mathematics?
This decreases the "buying power" of your dollar
What is Inflation?
The 3 Types of Vehicles that can be accessed Tax-Free (as long as you follow the rules of the IRS)
What are Roth IRAs, Cash Value Life Insurance, and Municipal Bonds?
The largest US stocks are collectively known as this... making up 1/3 of the size of the S&P500
What is The Magnificent 7?
The names of Paul's cats
Who are Ragnar and Lilith?
When someone is unable to perform 2+ of the 6 "Acts of Daily Living" they qualify for this
What is Long-Term Care?