Sudhir Goel Planning Flashcards
1
Q
Truist FDIC Insurance accounts
A
There is a way Truist offers bigger insurance than the 250K by FDIC.
2
Q
Peter Lynch
A
If you missed best 20 days in stock market in last 20 years, your returns is half.
If you missed best 40 days in stock market in last 40 years, you made a loss.
3
Q
Defined benefit plan
A
Defined benefit plans provide a fixed, pre-established benefit for employees at retirement. Employees often value the fixed benefit provided by this type of plan. On the employer side, businesses can generally contribute (and therefore deduct) more each year than in defined contribution plans.
https://www.irs.gov/retirement-plans/defined-benefit-plan
4
Q
What amount you need life insurance
A
Liability + Other expenses if something happened to you
