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Initial money lent to a borrower or put into an investment
What is the Principal?
Savings account that holds a fixed amount of money for a fixed period of time, such as six months, one year, or five years, and in exchange, the issuing bank pays interest
What is a Certificate of Deposit?
To put money to use, by purchase or expenditure, in something offering potential profitable returns as interest, income, or appreciation in value.
What is Investing?
Retirement savings and investing plan, gives employees a tax break on money they contribute. Contributions are automatically withdrawn from employee paychecks and invested in funds of the employee's choosing
What is a 401K Plan?
A stock market index tracking the stock performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices.
What is the S&P 500?
The annual amount that you must start taking out of your retirement account after you reach age 73*
What is a Required Minimum Distribution?
A type of company that provides investment services to clients. It advises investors in selecting the right investment options.
What is an advisory services company?
An investment plan with a tax benefit, special tax code
What is a qualified plan?
A company that buys and sells stocks and other securities for investors.
What is a stock broker?
The standard FDIC-insured amount a bank account will be protected up to per depositor, per insured bank, for each account ownership category
What is $250,000?
Firm that evaluates the strengths and weaknesses of different types of financial services companies or individuals. These ratings are based on a number of factors, such as the kind of services and the risk factors involved with the services for a company's rating, or history of paying bills on time and bankruptcy for an individual.
What is a Credit rating agency?
Moving money from old employer-sponsored retirement plans such as 401(k)s into an IRA
What is a rollover?
What you paid for an investment, including brokerage fees
What is Cost Basis?
The Oregon estate tax threshold
What is $1 Million?
Evaluates the creditworthiness of a debtor, which can be either an individual, a corporation or a state authority. It is an assessment made by a credit rating agency of a debtor’s ability to pay back a debt and the likelihood of default.
What is a Credit rating?
You contribute pre- or after-tax dollars, your money grows tax-deferred, and withdrawals are taxed as current income after age 59½
What is a Traditional IRA?
Money paid regularly by a company to its shareholders out of its profits
What is a Dividend?
A form of debt security whereby the debt holder has a creditor stake in the company
What is a Bond?
Tracks the value of 30 large companies which tend to be blue-chip firms that are household names
What is the Dow Jones Industrial Average?
Generally not taxed upon distribution, provided certain conditions are met; you contribute after-tax dollars, your money grows tax-free, and you can generally make tax- and penalty-free withdrawals after age 59½
What is a ROTH IRA?