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Mortgage
Education
Retirement
Specific Goal
Portfolio
100
Current market value minus the outstanding balance.
What is Equity?
100
Average cost of private college in 2015.
What is $46,272?
100
Percentage of women who have a retirement account.
What is 35%?
100
The best kind of goal to have.
What is a specific and realistic goal?
100
Not having all your "eggs in one basket."
What is Diversification?
200
Percent home mortgages have dropped since the housing bubble.
What is 33%?
200
FAFSA stands for this.
What is Free Application for Federal Student Aid?
200
Average length of retirement.
What is 18 years?
200
Easiest way to save.
What is automatically deposit into a savings account?
200
True or False. How aggressive you can be with your investments depends on how long it will be before you need them.
What is True?
300
The mortgage rate of interest in 1981.
What is 19%?
300
Allows for only qualified educational expenses.
What is a 529 Plan?
300
Percentage of people that will depend on SS or family in retirement.
What is 63%?
300
Percentage of Americans that do not have savings.
What is 25%?
300
Having money in the tax now bucket, tax later bucket, and tax never bucket.
What is tax diversification?
400
Percentage of mortgages underwater in US.
What is 28.4%?
400
Retirement savings plan that also has an education benefit.
What is a Roth IRA?
400
Escapes taxes until withdrawing money.
What is Tax Deferral?
400
Average size of American's savings account.
What is $3,800 ?
400
True or False. Sometimes it's better to pay taxes early instead of deferring them.
What is True?
500
Paying off of home debt.
What is Amortization?
500
A more creative way to pay for college.
What is Cash Value of Life Insurance?
500
A Defined Benefit plan.
What is a pension?
500
Amount of loose change in the US.
What is $15 Billion?
500
True or False. All of my investments should have the same amount of risk to equal my risk tolerance.
What is False?