Retirement
This is a mandatory retirement tax.
What is social security?
What is credit?
Banks offer ______ and interest to incentivize you to use them.
What is safety/security?
the 20 in 50/30/20
What are savings?
This kind of retirement account is associated with non-profit organizations.
What is a 403(b)?
You are taxed on these retirement savings when you take money OUT of this kind of account.
What is a traditional IRA?
This is the lowest your credit score can be.
What is 300?
By charging interest on this, banks are able to function and make money.
What are loans?
What is a need?
The age range for drawing Social Security.
What is 62-70?
The annual interest rate on a credit card is called this.
What is APR or Annual Percentage Rate?
This kind of account is intended to hold money for a long time and pays interest to the account owner.
What is a savings account?
Travel to work is this kind of expense.
What is a need?
Companies are moving away from this kind of retirement account because they want less responsibility for their employees' retirement.
What is a pension plan?
You will have a lower one of these if you are a first time credit card owner, have a low credit score, or someone who makes less money. Megan Thee Stallion probably has a high one...
This institution provides insurance for up to $250,000 to national and regional bank accounts in the event the bank fails.
Putting money in a 401k is this type of expense.
What is savings?
As a young person, you might prefer this kind of retirement account where you will NOT be taxed on the compounded interest over time.
What is a Roth IRA?
This typically lasts 30 days. Any balance owed on a credit card beyond this period is charged interest.
What is a grace period?
This kind of bank is typically owned by its members and is insured by NCUA and NOT the FDIC.
What is a credit union?
Debt repayment is this type of expense.
What is savings?