CREDIT CARDS
The 5 C’s of credit
What is Capacity, Capital, Collateral, Conditions, and Character
The form that you need to fill out to inform your employer how much federal income tax to withhold from their paychecks
What is a W-4 form
The time frame during which the investor makes and manages investments
What is the Investment Horizon
Suggests that retirees can safely withdraw 4% of their total portfolio value at the time of retirement every year
What is the 4% rule?
EPO stands for
What is exclusive provider orginazation
Percentage that your FICO score based on your credit card history
What is 35%
The range of income levels that are subject to a specific tax rate called
What are tax brackets
Five hundred of the largest publicly traded companies whose performance serves as a broad‐based measure of the stock market as a whole
What is S&P 500
The 2 most common tax-advantaged retirement plans called
What is the 401k and IRA
The fixed amount the insured pays before the insurance policy covers
What is a deductible
The 21 days you can pay your due bills without penalties
What is a grace period
Tax that takes a higher percentage of income from the wealthy or high-income earners than from the poor or low-income earners
Considered the lowest risk bonds
What is United States government bonds
Interest on top of interest is called
What is compounding interest
Metal plan that has the highest monthly premium
What is platinum
The most common type of revolving loan
What is a credit card
Implements and enforces federal tax policy and collects tax revenues
Who is the IRS
The shares of profits that can be paid regularly are called
What are dividends
IRA that provides an immediate tax benefit by reducing your taxable income
What is a Traditional IRA
Health insurance plans that allow you to go out of your doctors network
What is PPO and POS
The maximum percentage of the preferred amount of credit card utilization
What is 30%
States that have an inheritance tax
What is Iowa, Kentucky, Nebraska, New Jersey, and Pennsylvania
Considered a high risk form of investment
What is Cryptocurrency, precious metals, P2P lending, penny stocks, collectibles, future commodities
When the employee to has full ownership of their employers contributions to their retirement plan
What is a vesting period
Type of health insurance is available to all people over age 65 or with certain disabilities
What is Medicare