Investing/Retirement Flashcard3

Flashcard
•
Mathematics
•
12th Grade
•
Hard
Quizizz Content
FREE Resource
Student preview

15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is a Traditional IRA?
Back
A Traditional IRA (Individual Retirement Account) is a type of retirement savings account where contributions may be tax-deductible, and taxes are paid on withdrawals during retirement.
2.
FLASHCARD QUESTION
Front
What is a Roth IRA?
Back
A Roth IRA is a retirement savings account where contributions are made with after-tax dollars, allowing for tax-free withdrawals in retirement.
3.
FLASHCARD QUESTION
Front
What is a 401(k) plan?
Back
A 401(k) plan is an employer-sponsored retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
4.
FLASHCARD QUESTION
Front
What is a brokerage account?
Back
A brokerage account is an investment account that allows individuals to buy and sell various financial assets such as stocks, bonds, and mutual funds.
5.
FLASHCARD QUESTION
Front
What does it mean to invest?
Back
To invest means to allocate money into financial assets or ventures with the expectation of generating a profit or increasing wealth over time.
6.
FLASHCARD QUESTION
Front
What is the difference between a bond and a stock?
Back
A bond is a loan made to an organization, while a stock represents partial ownership in a company.
7.
FLASHCARD QUESTION
Front
What is diversification in investing?
Back
Diversification is the practice of spreading investments across various asset classes to reduce risk.
Create a free account and access millions of resources
Similar Resources on Wayground
14 questions
Retirement Accounts

Flashcard
•
12th Grade
15 questions
Investing/Retirement Flashcard3

Flashcard
•
12th Grade
15 questions
COMPARE: Types of Retirement Accts

Flashcard
•
12th Grade
15 questions
Retirement Accounts

Flashcard
•
12th Grade
15 questions
Retirement Accounts

Flashcard
•
12th Grade - University
15 questions
Retirement Accounts

Flashcard
•
12th Grade - University
13 questions
Types of Investments Formative

Flashcard
•
12th Grade
15 questions
Retirement and Investment

Flashcard
•
12th Grade
Popular Resources on Wayground
11 questions
Hallway & Bathroom Expectations

Quiz
•
6th - 8th Grade
20 questions
PBIS-HGMS

Quiz
•
6th - 8th Grade
10 questions
"LAST STOP ON MARKET STREET" Vocabulary Quiz

Quiz
•
3rd Grade
19 questions
Fractions to Decimals and Decimals to Fractions

Quiz
•
6th Grade
16 questions
Logic and Venn Diagrams

Quiz
•
12th Grade
15 questions
Compare and Order Decimals

Quiz
•
4th - 5th Grade
20 questions
Simplifying Fractions

Quiz
•
6th Grade
20 questions
Multiplication facts 1-12

Quiz
•
2nd - 3rd Grade