Notes
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1. Accounts
-checking
-savings
-401 (K)
-IRA
2. Checking
An account that can be used to regularly draw out money or pay for items.
3. Saving
A bank account that earns some interest.
4. 401 (K)
Plan offered by an employer to save for retirements. Tax deferred (TRADITIONAL) or tax exempt (ROTH)
5. IRA
Individual retirement accounts people set up on their own to save for retirement. Tax deferred (TRADITIONAL) or tax exempt (ROTH)
STOCK
A share in the ownership of a company.
DIVIDEND
Profits from the company paid to the people who own its stock.
BOND
Receive set interest for a specific period.- Government Bonds - Corporate
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