Foundations of Personal Finance Ch 12

___ is key when it comes to compound growth.

You can build a legacy you'll be proud of by . . .

When using a Roth plan, you invest your money after paying taxes, and the investment grows tax-free.

What is The Fifth Foundation?

Live like no one else now, so later you can live and ___ like no one else.

Social Security benefits are meant to your income

It's okay to borrow money from your retirement account, but don't borrow money to invest in it.

When riding the highs and lows of the stock market, remember . . .

Why might someone choose to diversify their investments?

Never ___ something you don't ___.

Mutual funds are less risky and can outperform the stock market because . . .

A security that represents part ownership of a company is called a(n) ___

Before you invest, you should make sure a mutual fund has done well for 5-10 years.

When you invest, your goal is to earn a negative rate of return on investment.

The three components of compound growth are money, time and___

Certificates of deposit and money market accounts are both examples of investments with ___ risk and ___ return.

Usually, the more liquid an asset is (like cash in the bank), the less return you can expect.

When donating money, you should always . . .

If you're over the age of ___ , you need a will.

When you invest in a mutual fund, you are contributing to a pool of money that will be . . .

You should wait to be generous until you have money to give.

What does "bull and bear" reference?

Roth IRA, 401(k), 403(b), 457, and Simplified Employee Pension are all examples of ___.

___is the cure for ___ .

Diversification reduces your ___ by using a mix of investment types in your portfolio.

___ is the process of figuring out how much money you'll need in retirement and creating a plan to get there.

Be aware of any ___ you might receive, but don't bank on it as a key part of your retirement plan.

When you're retired, you'll still have to pay taxes.

Investing your money earns you more money because of . . .

Never invest your money in ___ because it/they are extremely risky