Term
How can rate of return negatively impact your retirement benefits? |
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Definition
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Term
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Definition
| Statistical measure of the average length of life |
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Term
| How should you plan for your retirement? |
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Definition
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Term
| How long do most people plan on working? |
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Definition
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Term
| What is the purpose of Social Security? |
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Definition
Help with retirement, but not a primary source |
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Term
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Definition
| The chance that the value of an investment will go down because of the change in supply and demand |
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Term
| Saving for retirement is an example of what kind of goal? |
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Definition
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Term
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Definition
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Term
| Why do people invest when risk is involved? |
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Definition
| Higher risk, Higher return |
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Term
| What is the primary difference between an annuity and a 401K? |
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Definition
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Term
| When is the best time to sign up for a company sponsored retirement plan? |
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Definition
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Term
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Definition
| The chance that an individual, business or government will not be able to return money invested |
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Term
| What is the best way to protect from fraud risk? |
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Definition
| To invest with highly regarded, reputable companies |
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Term
| How does inflation decrease your retirement fund? |
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Definition
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Term
| What is the importance of participating in company sponsored retirement accounts? |
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Definition
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Term
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Definition
Individual Retirement Account |
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Term
| Where does the highest percentage of income for people over 65 years old come from? |
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Definition
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Term
At what age can you start withdrawing income from an IRA?
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Definition
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Term
| .What happens if you withdraw from your retirement account too early? |
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Definition
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Term
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Definition
| The chance that an investment has been misrepresented |
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Term
| What is a characteristic of a Roth IRA? |
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Definition
| Pay taxes at the beginning |
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Term
| How is risk/reward related? |
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Definition
| High risk high return, Low risk low return |
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Term
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Definition
| Most common company retirement plan |
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Term
| What is essential when planning your retirement? |
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Definition
| Start early, get more money than you think you need, plan on working longer |
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