Investments
What are investments?
Putting your time and money into something in hopes it will grow value over time
What retirement plan has 100% tax-free income?
Roth IRA
What are Taxes?
Money used for government services and to promote the well-being of society
What is compound interest?
Interest when you receive based on the prior interest earned. "Interest on the top interest"
What year was the Twilight Zone release?
1959
Are collectibles a long term investment or a short term investment
Long term investment
What retirement plan is required by the government?
Social Security
What app do people most often use to do their taxes?
Turbotax
What is a 401k?
Is a sponsored employer retirement or saving plan to automatically invest a portion of your paycheck before or after taxes get deducted.
What year Looney Tunes cartoons were released?
1930
Is having a real estate investment a high risk or a low risk?
Mild risk
What is a Compound Interest?
You earn interest on interest
What is the income range in taxes?
10% - 37%
What is a Traditional IRA?
A program on your own and you choose your investments. The tax benefits are to deposit your money in the present and no taxe benefits can withdraw your money in retirement.
What year did The Addams family was seen in TV for the first time?
1964
What are the benefits for Investments?
It helps for retirement, earn passive income, and your money can increase faster than your savings account.
Which retirement plan is employer sponsored and which is a program on your own?
401K is employer sponsored while Traditional IRA & Roth IRA are done on your own
Who gets your taxes?
IRS - tax collection in USA
What is Roth IRA?
No taxes benefit by investing your money and the investments are shielded from taxes until your withdrawal in retirement. The program is done on your own and you choose the investments.
What year did The jetsons got released in tv.
1962
What are some bad benefits for investments?
Risk of losing money, No guarantees of money return, Fees and Costs. But also short-term stress.
Is there a benefit of having Pension?
You get to set a monthly payout
What important information do you need on a W2 form?
How much money you made the last year and how much money you already paid in taxes
What is Social Security?
This is required by the government and you pay SS tax through your working career. So then you receive a monthly "paycheck" when you are retired.
What is the name of the coyote from the show “The Road Runner Show”?
Wile E. Coyote, a play on the word “wily”