Financial Planning
This type of investment represents a small percentage of ownership in a company, and is traded on an exchange (such as the NYSE).
What are stocks?
This employer-provided retirement account allows both the employer and the employee to make contributions.
401(k)
This category of compensation typically includes health and other forms of insurance, and is important to consider when evaluating a potential change in careers.
What are benefits?
This program, typically referred to as the PSLF, allows lawyers to receive forgiveness for their student loans in exchange for working in certain underserved industries.
What is Public Service Loan Forgiveness?
While similar to mutual funds in that both allow you to invest in a group of investments, this type of fund is traded on an exchange similar to stocks
What is ETF?
ETF stands for Exchange Traded Fund and are usually used to track an index, and therefore have lower fees since they are usually passively managed (but can be active). They are also traded like stocks (unlike mutual funds, which trade at the end of the day).
Contributions to this individual retirement account are fully or partially tax deductible
Traditional IRA
When evaluating a career move, this important factor to consider controls how often you will be working vs. living life outside of work
What is work life balance?
Loan forgiveness under the PSLF requires this many payments to be made
What is 120?
In 2022, Warren Buffett was worth 84.5 billion dollars. 81.5 billion of that came after which birthday? (closest answer gets it)
What is 65?
Contributions to this particular type of individual retirement plan are not tax deductible, but the distributions are tax-free if all requirements are met.
What is a Roth IRA?
This particular benefit a new employer may offer grants employees access to a small percentage of company ownership
Employee Stock Ownership Plan or Stock Options
These two types of employers qualify for PSLF
What are government and non-profit organizations?