Credit Cards
What are the 5 C’s of credit?
Capacity, Capital, Collateral, Conditions, and Character
What is the form that you need to fill out to inform your employer how much federal income tax to withhold from their paychecks?
W-4 form
What is the time frame during which the investor makes and manages investments?
Investment horizon
Which suggests that retirees can safely withdraw 4% of their total portfolio value at the time of retirement every year?
4% rule
What does EPO stand for?
Exclusive provider organizations
What percentage is your FICO score based on your credit card history?
35%
What is a range of income levels that are subject to a specific tax rate called?
Tax bracket
What is Mr Lesher’s favorite candy?
Twix
What are the 2 most common tax-advantaged retirement plans called?
401k IRA
What is the fixed amount the insured pays before the insurance policy covers the loss or cost?
Deductible
What are 21 days you can pay your due bills without penalties?
21 days
What tax takes a higher percentage of income from the wealthy or high-income earners than from the poor or low-income earners?
Progressive tax
What are considered the lowest risk bonds?
US government bonds
What is interest on top of interest called?
Compound interest
What metal plan has the highest monthly premium?
Platinum
What is the most common type of revolving loan?
Credit Card
Who implements and enforces federal tax policy and collects tax revenues?
IRS
What are the shares of profits that can be paid regularly called?
Dividends
What IRA provides an immediate tax benefit by reducing your taxable income?
Traditional IRA
What health insurance plans allow you to go out of your doctors network?
PPO & POS
What is the maximum percentage of the preferred amount of credit card utilization?
30%
What states have an inheritance tax?
Iowa, Kentucky, Maryland, Nebraska, New Jersey, and Pennsylvania
What is considered a high risk form of investment?
Cryptocurrency, precious metals, P2P lending, penny stocks, collectibles, future commodities
What is the period called when the employee to has full ownership of their employers contributions to their retirement plan?
Vesting period
What type of health insurance is available to all people over age 65 or with certain disabilities?
Medicare