WorksheetsPersonal Finance Vocab Part 2
Total questions: 20
Worksheet time: 10mins
Rollover
Movement of funds from a tax-deferred retirement plan from one qualified plan or custodian to another.
A process of withdrawing funds from a retirement account without penalties.
Transferring funds from a savings account to a checking account.
Investing in stocks and bonds for retirement savings.
FICA
Federal Insurance Contributions Act, a tax for Medicare and Social Security.
A type of investment fund for retirement savings.
A government program for unemployment benefits.
Government legislation funding Social Security.
Large Cap Fund
Growth and income fund.
High-risk investment fund.
Short-term bond fund.
Sector-specific equity fund.
UTMA
A law similar to UGMA, extending the definition of gifts to include real estate, paintings, royalties, and patents.
A tax regulation that applies only to cash gifts.
A federal law that restricts the transfer of property to minors.
A guideline for the management of trust funds for adults.
ESA
A type of savings account for retirement
An after-tax college fund that grows tax-free for educational use; eligibility is based on parents' annual income.
A government grant for college students
A loan program for educational expenses
Equilibrium
Consumer demand for a product met by available supply.
A situation where supply exceeds demand.
A state of constant price increase.
A market condition with no competition.
GDP
Total value of all goods and services sold by a country.
The total amount of money a government spends annually.
The total number of goods produced in a country.
The total value of exports minus imports.
Direct Transfer
Movement of tax-deferred retirement plan money from one qualified plan or custodian to another.
A method of withdrawing funds from a retirement account without penalties.
A process of converting retirement funds into cash immediately.
Transferring funds between personal bank accounts without tax implications.
Baby Steps
Five steps to a healthy financial plan.
Seven steps to a healthy financial plan.
Three steps to a healthy financial plan.
Ten steps to a healthy financial plan.
Export
Good or service produced domestically and sold abroad.
A product that is imported from another country.
A service provided only within the domestic market.
A good that is manufactured for local consumption.
Career
A type of plant
Your line of work.
A form of entertainment
A geographical location
Sinking Fund
A method of investing in stocks
Saving money for a specific purpose to let interest work for you.
A type of insurance policy
A fund used for emergency expenses
W-4
Federal tax form indicating the amount to be withheld from paycheck for taxes.
State tax form for income reporting.
Form used to apply for a tax refund.
Document for reporting capital gains.
Rationing
Controlling the use of a product or service.
Increasing the availability of a product or service.
Allowing unlimited access to a product or service.
Reducing the price of a product or service.
Social Security
Federal insurance program providing benefits to retired, unemployed, or disabled individuals.
A state-run program for providing housing assistance.
A private insurance scheme for health coverage.
A tax incentive program for small businesses.
Mid Cap Fund
Growth funds still expanding.
Funds that invest in large companies.
Funds focused on small startups.
Funds that are primarily for income generation.
Aggressive Growth Stock Mutual Fund
Known as large-cap funds; stable growth investments.
Known as mid-cap funds; moderate growth investments.
Known as small-cap funds; wilder growth investments.
Known as index funds; low-risk investments.
Money Market
A type of investment fund.
A place to exchange currencies.
A type of savings account.
A government bond market.
Personal Branding
Marketing oneself by highlighting strengths, interests, and unique qualities.
Creating a logo to represent oneself.
Networking with others in the industry.
Developing a personal website for online presence.
Small Cap Fund
Aggressive growth fund.
Conservative income fund.
Balanced fund.
Index fund.
