Insurance
This is the fixed amount you must pay out-of-pocket for covered services before your insurance plan starts to pay?
What is the Deductible?
This is the total amount of money you earn before taxes or deductions.
What is Gross Income?
What you have to pay to the federal, state, and local government.
What are taxes?
The name of a for profit employer funded retirement plan.
What is 401(k)?
The thing you buy that gives you a small percentage of ownership in a company.
What is a stock?
This type of auto insurance covers the cost to fix your vehicle when you crash?
What is collision insurance?
This is a cost that changes from month to month depending on how much you use or spend.
What is a variable expense
The government agency that collects taxes for the US government.
What is the IRS?
The term for an employer-funded retirement plan for teachers/educators?
What is 403b?
The largest stock exchange in the world.
What is the New York Stock Excange (NYSE)?
This the name of the money you pay every month to have an insurance policy.
What is a premium?
This is one of the best things to do with leftover money if you're working toward long-term goals.
What is save or invest?
The form your employer gives you by the end of January so you can file your taxes.
What is a W-2?
This feature of a 401k allows employees to earn "free money" from their employer.
What is employer match?
A person who is licensed to buy and sell stocks, provide investment advice, and collect a commission on each purchase or sale.
What is a broker?
This type of insurance pays your bills (food, rent, gas, etc) when you can't work?
What is disability insurance?
These are 3 examples of variable monthly expenses.
What are groceries, entertainment, gas, clothing, or utility bills?
The type of tax that takes a higher percentage of income based on how much you make.
What is a progressive tax?
This allows you to borrow money from your own retirement savings account and pay it back over time with interest.
What is a 401k loan?
A diversified collection of stocks, bonds, or other securities.
What is a mutual fund?
This type of life insurance covers you for only for a fixed period of time.
What is term insurance?
These are 2 examples of fixed monthly expenses.
What are your rent or mortgage, car payment, cell phone plan?
An exemption for someone who cannot be claimed as a dependent by another taxpayer.
What is a personal exemption?
Starting at 73, you are required to start taking these out of your traditional 401(k)?
What is required minimum distributions (RMDs)?
A company that has an annual revenue of greater than $1 billion, has a long record of profit, dividend payments, and a good reputation.
What is a blue chip stock?