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Time!
Make your money work for you, as long as possible.
Accounts
- Checking
- Savings
- 401(k)
- IRA
Checking
An account that can be used to regularly draw out or pay iteams
Savings:
A bank account that earns some interest
401(K)
Plan offered by an employer to save for retirement
Tax deferred (traditional)
or tax exempt(Roth)
IRA
Individual Retirement Account people set up on their own to save for retirement]
Tax deffered (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.
If you bought, $40 of shares of Coca Cola in 1919, how much money would you have right now?
YOU WOULD HAVE $9,900,000
Bond
Receive set interest for a specific period.
- Government bonds
- corporate
RISK!!!!!!!!!!!!
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