Unit 6 Saving & Investment!!!

The practice of spreading your investments around in different types of assests.

• Investification

• Diversionizing

• Diversification

• Division

A type of investment account that helps you save/grow money for college?

• 401k

• College Account

• ESP

• 529

A retirement plan where the investors chooses retirement date to decide when and how to invest.

• Retirement Fund Account

• 529 Account

• Target Date Fund

• 403b

What is a typical saving account interest rate?

• 0.5 to 2%

• 10%

• 25%

• 5 to 7%

What is a typical interest rate for an index or mutual fund?

• 7%

• 10%

• 25%

• 1%

How do you contribute to your future social security benefits?

• Savings account contributions

• Through payroll taxes

• When you file tax returns

• Through checking account withdrawals

What is an asset?

• a random collection of useless things

• the wrong answer

• a set of items you count

• a resource with economic value

A retirement plan offered by an employer who matches your contributions.

• 401K

• 403b

• 529

• Social Security

An investment where you buy shares in a company and hope it grows in value.

• IRAs

• stocks

• index funds

• bonds

Tax free investment plan you set up on your own for retirement.

• 529

• Mutual Fund

• IRA Individual Retirement Fund

• 401k