Retirement
a regular payment made during a person's retirement from an from the employer which that person or their employer has contributed during their working life.
What is a pension?
Putting a certain amount of money into a financial vehicle which will supposedly increase its value in time.
What is an investment?
a type of tax that governments impose on income generated by businesses and individuals within their jurisdiction. Income tax is used to fund public services, pay government obligations, and provide goods for citizens.
What is income tax?
A number assigned to a person that indicates to lenders their capacity to repay a loan.
What is a credit score?
When a buyer gives $ or credit to a seller for either goods, services or financial assets.
What is a transaction?
he action or fact of leaving one's job and ceasing to work.
What is retirement?
is an individual retirement savings plan supported by a private company
What is A 401(k) plan?
A direct deposit, in banking, is a deposit of money by a payer directly into a payee's bank account.
What is direct deposit?
The proportion of a loan that is charged to you for borrowing money
What is interest rate?
is when stock prices drop by 20% or more
What is a Bear Market?
Federal program that provides retirement benefits, such as giving percentage of income to retirees and disability income to qualified people, spouse, children and survivors.
What is Social Security?
is a digital currency designed to work as a medium of exchange through a computer network that is not regulated by a central authority, such as a government or bank, to uphold or maintain it.
What is cryptocurrency?
a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative.
What is a credit union?
is a middleman who connects buyers and sellers to complete a transaction for stock shares, bonds, options, and other financial instruments.
What is a brokerage firm?
the largest buyer in seller in the US?
What is the Federal Government?
are anyone born from 1946 to 1964.
What are baby boomers?
is the rate at which the price of a stock increases or decreases over a particular period.
What is volatility?
Money that is owed or due to a lender.
What is debt?
is an agreement between you and a lender that gives the lender the right to take your property if you fail to repay the money you've borrowed plus interest.
I'm in charge of printing money and regulating interest rates
What is the Central/Federal Bank?
allows you to contribute a portion of pre-tax dollars. That reduces your taxable income for the year while setting aside the money for retirement. The taxes will be due as you withdraw the money.
What is a traditional IRA?
percent of a loan or deposit that is added to the principal amount invested or borrowed, which is essentially interest on interest.
What is Compound Interest?
a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.
What is insurance?
A resource which holds value that a single person, company, or country owns with the thought that it will benefit in the long hopefully increasing in value.
What is an asset?
I'm the most important thing and misunderstood thing in the US Economy
What is credit?