In the world of investing, a riskier investment will generally have this type of interest rate.
What is a high(er) interest rate?
100
TSP is design as an investment for this phase of life.
What is retirement?
100
This is the document that show’s a servicemember’s pay for a given month and it can be accessed on myPay.
What is a Leave and Earning Statement?
100
The money you take home after income taxes, FICA, and all other deductions (SGLI, TSP, allotments, etc).
What is take-home pay?
100
The credit report and score is most well known for being looked at during this event.
What is applying for a loan (or applying for credit)?
200
This is interest that is calculated on the initial principal and also on the accumulated interest of previous periods. It is sometime known as “interest on interest” and will make a deposit or loan balances grow faster.
What is compound interest?
200
These are the two different types of TSP.
What are traditional and roth?
200
This Sailor is the command’s representative for personal financial matters. They have completed at least a one-week training course offered through the FFSC.
What is Command Financial Specialist?
200
This is the total income you make before taxes.
What is gross income?
200
This is the biggest contributing factor to your credit score.
What is payment history?
300
This investment tool means that when you buy them you essentially own a part of the company.
What is a stock?
300
These are the names of the five mutual funds the TSP invests in.
What are the G, F, C, S, I funds?
300
This is the week that the military focuses on saving and building wealth.
What is Military Saves Week (last week of Feb, 24 Feb-1 Mar)?
300
Your income after taxes (federal income taxes, FICA social security and medicare, state taxes) are deducted.
What is net income?
300
These are the three major credit reporting agencies?
What are Equifax, Experian, and TransUnion?
400
This investment tool means that when you buy them you are essentially giving a loan and generally has much lower returns than stocks.
What is a bond?
400
This is the maximum that can be contributed to TSP in one year (unless in a deployed combat zone).
What is $17,500?
400
This act is for the protection of servicemembers. It allows servicemembers to break a lease when deploying or PCSing greater than 50 miles and caps interest rates on loans received prior to active duty service at 6%.
What is the Servicemember’s Civil Relief Act?
400
A person’s assets minus liabilities, sometimes described as what you own minus what you owe.
What is net worth?
400
This website has been set up so that you can get one free credit report from each of the three main credit reporting agencies each year.
This type of investment tool is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. They are operated by money managers, who invest the fund's capital and attempt to produce capital gains and income for the fund's investors.
What is a mutual fund?
500
At this age you can withdraw money from your TSP account without paying a penalty.
What is 59 ½?
500
This is the Navy’s Personal Financial Management instruction.
What is OPNAVISNT 1740.5B?
500
After all the income is added and all the expenses are deducted you are left with one of these two.
What is a surplus or deficit?
500
The highest credit score on the FICO credit score model.