money market & savings
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16 Terms
Interest formula
I=PRT
4 savings tools
Checking, savings, money market, CD
Most liquid saving
Checking
What % is taken from social security
6.2%
Retirement plans
401k, 403b, 457, pension
Difference between Roth and traditional
Roth doesn’t tax deductions
Average index fund
8-12
Diverse investment option
Mutual
Share ownership of company
Stock
Which saving has a Withdrawal penalty before maturity
Money market
3 main options to develop wealth
Stock, real estate, business
Primary purpose of social security
Supplement money for retired/can’t work
Most risky
Speculative
What age do you apply for social security
62
FDIC insurance max coverage
250k
3 main stock index
Dow jones, s & p, nasdaq
Note 
Flashcards (23)