Savings
All savings involves _______________
Sacrifice
Explain what it means to live paycheck to paycheck.
Just getting by without having a savings plan or efficient money management skills
APY stands for?
Annual Percentage Yield
What is the relationship between risk and return?
High risk, high return, low risk, low return
Which investment is for nonprofits?
403b
The three main reasons we save are for: Big purchases, _____________, and retirement.
Emergency funds should be put into a count that earns you ___________.
Interest
How long it takes to double your investment
____________ your portfolio!
Diversify
Living wills layout plans for decisions dealing with what?
Medical treatment
How much should you save from each pay period? (range)
10-20%
Which account is able to be withdrawn from without penalty before you're 59 1/2? 401K or Roth IRA
Roth IRA
Which stock, did our notes say, is sought out by retirees?
Income
Which stock increases and decreases more based on the economy? Common or preferred
Common
Name the four people named in a will of someone with young children.
Executor, guardian, power of attorney, beneficiaries
How do savings accounts help the economy?
Banks take your money you deposit and loan people money to start business, build houses, etc.
Board Problem #1
What are the three major issuers of bonds?
Municipalities, US Gov't, Corporations
Which income do the following investment accounts use?:
-Traditional IRA
-Roth IRA
-401K
-403b
T- Pre
R- Post
1- Pre
3- Pre
Which is the riskiest investment of the choices?
-Real estate
-Collectibles
-Treasury Notes
-Money Market Funds
Collectibles
In the compound interest formula, P stands for?
Principal
Board problem #2
Teacher has it
What are two advantages of a mutual fund?
What are two disadvantages of a mutual fund?
Teacher has it