money market & savings
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16 Terms
1
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Interest formula
I=PRT
2
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4 savings tools
Checking, savings, money market, CD
3
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Most liquid saving
Checking
4
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What % is taken from social security
6.2%
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Retirement plans
401k, 403b, 457, pension
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Difference between Roth and traditional
Roth doesn’t tax deductions
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Average index fund
8-12
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Diverse investment option
Mutual
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Share ownership of company
Stock
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Which saving has a Withdrawal penalty before maturity
Money market
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3 main options to develop wealth
Stock, real estate, business
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Primary purpose of social security
Supplement money for retired/can’t work
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Most risky
Speculative
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What age do you apply for social security
62
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FDIC insurance max coverage
250k
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3 main stock index
Dow jones, s & p, nasdaq
Note 
Flashcards (87)