Savings. Retirement, Insurance, Investing

What are some items people use their savings for (multiple answers)

• College

• Investing

• Retirement

• House

A financial planner recommends saving at least (a)   of your monthly net income

Savings Plans

• CD (Certificates of Deposit) Account

• All-in-one account that provides a complete financial services program for a single fee

• High-Yield Savings Account

• Savings account that guarantees a specific interest rate and has a specified maturity date

• Traditional Savings Account

• Earn interest and savings to grow your money. Lower interest rates

• Money Market Account

• Offer higher interest rates than standard bank rates but with more restrictions

• Cash Management Account

• Pays a higher interest rate than passbook and statement savings accounts

It is a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it can pay a proportion of the profit as a dividend to shareholders

• Financial Advisor

• Dividends

• Broker

• Capital Gains

The positive difference between the purchase price of a stock and its sale price

• Rent from Property

• Capital Gains

• Dividends

• Portfolio

Advantage or Disadvantage of Savings Plans

• Disadvantage

• Interest rates are defined

• Advantage

• Low Returns

• Disadvantage

• Susceptible to Inflation

• Advantage

• Tax-Favored

• Advantage

• Low Risk

A type of security signifies ownership in a corporation and represents a claim on the part of the corporation's assets and earnings

(a)  

A certificate issued by a government or private company promises to pay back with interest the money borrowed from the buyer of the certificate

(a)  

Creating a profit from tenants who temporarily pay to use your goods, services, or property

• Capital Gains

• Dividends

• Rent From Property

• Portfolio

The age 62 is when a person is able to get full social security benefits

True or False

(a)