Econ test

Time value of money

Idea that money available today is worth more than tmr

Market volatility

Not a key variable in tvm calculations

Compound Interest

Interest calculated on the initial principal plus accumulated interest

Asset allocation

The process of distributing investments amount diff asset

Traditional Ira

Taxed when you withdraw

Roth IRA

Taxed when you contribute

Vesting

The right employer contribution in you retirement accounts

Pension

Benefit plan

Rule 72

Estimating how quickly your money will from

Catch up contribution

Additional contributions allowed for ppl over 50

Ira

Individual retirement accounts