Notes
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Saving and Investing
Make your money work for you as long as possible
Accounts
*Checking
An account that can be used to regularly draw out money or pay for items
WANT A DEBIT CARD, NOT CREDIT!!!
*Savings
A bank account that earns some interest
*401(k)
Plan offered by an employer to save for retirement
Tax deferred [traditional] -- not paying taxes, and allow savings to grow
or
Tax exempt [roth]-- paying taxes at the beginning, but never paying anymore
*IRA
Individual Retirement Account people set up on their own to save for retirement
Tax deferred
or
Rax exempt
STOCK
A share in the ownership of the company
Dividend
Profits from the company paid to the people who own it's stock
If you bought $40 of Coca Cola stock in 1919, you would now have.....
9.9 MILLION DOLLA'S!!!!!
Bond
Recieve set interest for a specific period
-Government bonds
-Corporate
Risk
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