Risk It for the Biscuit
This is the gradual increase in prices that reduces the purchasing power of our money — often called the “silent killer.”
What is Inflation?
This type of interest pays you on both your original principal and previously earned interest.
What is Compound Interest?
The two main types of life insurance are Term and _____.
What is Permanent?
"In this world, nothing can be said to be certain, except ____ and ____."
What is Death and Taxes?
This is the account where your boss might “match” your contributions — if you’re lucky enough to have one.
What is 401(k)?
This financial strategy mitigates market risk and helps our investments stay healthy
What is Diversification?
With compound interest, the formula that helps determine how long it takes for money to double at a given interest rate
What is The Rule of 72?
The modern permanent life insurance provides both death and ______ benefits.
What is Living?
This federal agency has three letters and makes sure your “voluntary” contributions aren’t too voluntary.
What is the IRS?
This type of account allows after-tax contributions but provides tax-free withdrawals in retirement.
What is Roth IRA?
You invest $100. The market drops by 50%, leaving you with $50. What percentage gain do you need to break even?
What is 100%?
With compound interest, if we save $10,000, approximately how long does it take for it to double if we are given a 8% rate of return?
What is 9 years? (72 / 8)
Utilizing the Indexed strategy, our savings will lose __% if the market drops by 50%.
What is 0%?
You buy a stock in March, sell it in July for a profit, which is subject to _______ tax.
What is Short-Term Capital Gain? (Taxed as ordinary income)
The 2026 IRA contribution limit for those under age 50
What is $7,500? ($8,600 for age 50 and up)
Mr. A: Year 1 +50%. Year 2 -50%
Mr. B: Year 1 +0%. Year 2 +0%
Who ends up doing better?
Who is Mr. B?
Mr. A: Year 1 ($100+$50) = $150. Year 2 ($150 - $75) = $75
Mr. B: Year 1 $100. Year 2 $100
MIT's Cost of Attendance for 2025-2026 academic year is $_____
What is $89,340. (10% margin: $80,406 - $98,274)
A cash value life insurance policy with tax advantages that meets the requirements of IRC Section _____.
What is 7702?
Both Social Security and 401(k) withdrawal are subject to ______ tax.
Given the uncertainty of Social Security benefits and the reduction in pension availability, this financial strategy can help secure guaranteed income for life.
What is Annuity?
"Rule No.1: Never lose money
Rule No.2: ______________"
- Warren Buffet
What is Never forget rule No.1?
“An investment in knowledge pays the best interest.”
Who is Benjamin Franklin?
The current Security Exchange Commission(SEC) chair Mr. Paul Atkins and his wife own 54 _______.
What is life insurance policies?
The state of Washington has implemented the first ______ tax in the U.S. since July 2023
What is Long-term Care?
Americans turning 65 today have a roughly 70% chance of needing some form of this type of care.
What is Long-term Care?