WISE EXAM REVIEW IV Flashcards
Which is safer, stocks or bonds?
bonds grow slower and are less risky
Treasury Bill/ Note
a government bond
Volatility
the concept of an investment increasing and decreasing along with the stock market
401K
a retirement plan and group of investments; attached to your employer
Asset
something that you own that hold monetary value
Better Business Bureau
a organization that an individual reports to in the instance of a business using malpractice
Consumer Price Index
the average price that people pay for goods and services
Inflation
the gradual rising of prices
Down Payment
the base amount of money paid which subtract from the amount of the full purchase
Fixed Mortgage
a mortgage payment that never changes in cost
Identity Theft
when someone steals your identity to access your assets and other personal information
What is the difference between the W2 and W4
the W2 comes from your employer; the W4 sets the amount deducted from your paycheck for taxes
Landlord
someone that owns the property that you rent out
Pension
a retirement plan
Pension vs. 401K
the pension is more guaranteed though, the 401k is more popular
Phishing Fraud
when someone is actively attempting to steal your identity
Roth IRA vs. Traditional IRA
both are retirement plans; roth ira pays taxes now, traditional ira pays later
Will
a document of all the assets that are to be left to other people after the individual that writes the will dies
Tenant
an individual that rents the property
