Investment Options
represents fractional ownership in a corporation
Stocks
These accounts are designed to help people save money for life after they stop working.
retirement accounts
This type of interest is earned on both the original amount of money and previously earned interest.
compound interest
This type of insurance helps cover medical and healthcare expenses.
Health insurance
This type of bank account is used to store money safely while earning interest.
savings account
When you loan money to a company or government and earn interest in return, you’re buying this
Bonds
This employer-sponsored retirement plan often includes matching contributions
401(k)
In a compound interest formula, this is the starting amount of money invested.
principal
This insurance protects your car from damage, theft, and liability.
auto insurance
This is the money a worker earns for performing a job or service.
wages
This type of investment pools many people’s money to buy a diversified mix of stocks and bonds.
mutual fund
This retirement account allows individuals to contribute money on their own, without an employer.
IRA
This famous scientist once called compound interest the “eighth wonder of the world.”
Albert Einstein
Homeowners or renters use this insurance to protect their property and belongings.
property insurance
This is the act of risking money or something of value on an event with an uncertain outcome.
gambling
This kind of investment lets you own physical gold and silver
Commodities
This benefit is essentially “free money” when an employer matches employee retirement contributions
employer match
This term describes interest earned on previously earned interest.
interest on interest
This type of insurance pays money to beneficiaries after the policyholder’s death.
life Insurance
This is the act of looking at different sellers or products before buying to get the best deal.
comparison shopping
These items are collected because of their rarity, age, or popularity rather than daily use.
Collectables
Taking money out of a retirement account before age 59 may result in this extra cost
withdrawal penalty
Earning interest daily instead of annually usually results in this
more money
This insurance product provides income if a person is unable to work due to illness or injury.
disability insurance
This is a period when the economy slows down, and businesses and consumers spend less.
recession