Retirement
Should you save for retirement and not touch that money?
Absolutley
What is one way you can get money to help pay off college?
Grants/Loans/Schollarships
Stocks are securities that represent an ownership share in a company.
What range of credit scores is considered a "good" credit score to have?
650-850
How Much Should You Have In Your Savings By The Time You Leave Highschool?
At least $1,000
Can social security be taxed?
Yes
Free Application for Federal Student Aid
The top 500 companies in the US
What is a non-profit-making money cooperative whose members can borrow from pooled deposits at low-interest rates is a?
Credit Union
What does the savings account "CD" mean?
Certificate of Deposit
What was the Meyer guarantee?
You will retire a millionaire if you invest 15-30 percent in an index fund.
are Grants and Scholarships the same?
No
What place did Mr.Meyer place in the "Meyer Stock Challenge?" (Hint, it's in the 30's)
34th Place
Whats a credit card statement?
A credit card statement is a summary of how you've used your credit card for a billing period
50: living expenses and essentials
20:finanical goals
30:Flexible spending
What's the average age for retirement?
60 years old
What's the difference between scholarships, grants, and loans?
Grants: they are need-based
Scholarships: they are merit-based
Loans: they are based on the borrower's credit
Who won the stock challenge (In our class)
Layne Lesko/Sage Gojsovich
What are the 3 credit bureaus?
Equifax, Experian and TransUnion.
What does the FDIC do?
Is henry a traitor? (yes i know this isn't retirement based I ran out of ideas)
yes
Approximately how many people in the U.S. experience or have experienced student debt?
44 Million
What is the most expensive stock you can buy? (Bonus 500 if you guess the price as well)
Berkshire Hathaway at 300,000 a share
what is the most expensive credit card?
The black card, or centurion Card
What does FDIC stand for?
Federal Deposit Insurance Corporation