Unit #4 Review

What type of mutual fund can be bought and sold on the stock market and can be traded at any time of the day?

Which of the following do you NOT need to retire in your 30s with the FIRE Movement?

How old do you have to be to collect social security benefits?

Which of the following is a wealth creating asset?

Nominal returns are your returns on your investments adjusted for inflation.

You do you know if real estate is a good investment?

If you think that you are going to be in a lower tax bracket in the future (meaning you will have less income), you need

What kind of investing occurs when you/your broker let your investments sit and occassionally add $ to your investments?

Why should you start saving for retirement from an early age?

Which of the following is NOT a way that you make money from mutual funds?

You can contribute money to a both a Roth IRA and a traditonal IRA at the same time.

Which of the following is NOT considered an asset?

A Roth 401K is tax-deffered, meaning that you pay taxes on the funds when you withdrawl them from your accout.

How old do you have to be to withdraw funds from your 401K or IRA without paying a 10% penalty?

Who issues investment grade bonds?

CDs are riskier than money market accounts, but less risky than bonds.

Which one of the following is NOT one of the three major market indexes used to determine the performance of the market