Savings and Investing

What is the Bull Market

Some savings plans allow ______ access to your funds buy pay a _____ rate of interest.

Account that pays interest, has no maturity date, and from which funds can be withdrawn at any time without penalty?

It is important to diversify your saving and investments

Time deposits are often called _____ or savings certificates?

Capital Loss decrease in value of an asset from the time it was bought to the time it was sold?

A money market has a low rate of interest

What is a stock?

Mutual Funds hold a variety of stocks or bonds?

Which of the following are types of personal retirement plans

Income after retirement is usually lower, so tax rate is lower?

____ interest is the addition of interest to the principal sum of a loan or a deposit

Capital Gain ____ in value of an asset from the time it was bought to the time it was sold

A time deposit has a high rate of interest?

_______ Consists of income set aside for future use?

Paying FICA taxes means you can collect ____ benefits when you retire?

What are the 3 ways to fund your retirement

A ___ is a company plans that provide retirement income for their workers

A ____ is a private retirement plan for individuals or married couples

_____ is also know as a termination date?

All individuals who work in the US pay FICA tax

The Rule of ___ is how long it takes for an investment to double in value

Dividends on stocks are paid only if the corporation makes a profit

A savings bond is bonds issued by the Federal Government as a way of borrowing money

No penalty charges apply if money is withdrawn before retirement age

A Money Market Account (MMA) pays relatively high rates of interest but requires a minimum balance?

The ____ insures up to $250,000 for each separate account

____ is a certificate issued by a company or the government in exchange for borrowed funds?

___ is spreading of investments among several different types to lower overall risk