chp 7 - the foundation of savings

risk defined

nominal vs real rate of return

subjective vs objective risk

savings and investing

maintaining liquidity

investment pyramid

investment levels

overview of emergency funds

determining the amount of an emergency fund

overview of savings

where to save your money

CDs and dedicated savings account

savings account ,money market, CD, dedicated savings account

traditional vs roth IRAs

overview of roth IRAs

roth IRA withdrawals

qualifying distribution

traditional IRA withdrawals

opening, funding, and using your roth IRA

roth IRA investment options

U.S. savings bond

benefits of U.S. savings bonds

limitations of U.S. savings bond

types of U.S. savings bonds

purchasing and redeeming savings bonds

property ownership as a minor

taxation of custodial and beneficiary accounts

financial benefits of transferring assets to minors

college savings plan

529 college savings plans

financial fraud and identity theft

financial frauds

3 well known financial frauds:
- ponzi schemes

- pyramid schemes

- telemarketing fraud

ponzi schemes

pyramid schemes

telemarketing fraud

protecting yourself from financial fraud; what NOT to do and what TO do

identity theft; what NOT to do and what TO do