Personal Finance Chapter 12

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

The three components of compound growth are money, time and

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

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

_________is the cure for ________ .

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

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

Social Security benefits are meant to _____ your income.

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

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

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

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

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

______is key when it comes to compound growth.

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

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

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

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

What is the Fifth Foundation

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

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

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

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

When donating money, you should always . . .

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

Never_____ something you don't ______ .

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

What does "bull and bear" reference?

Why might someone choose to diversify their investments?

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