Money Terms 1
Across
- 2. A share of ownership in a company.
- 7. Employer-sponsored plan using pre-tax dollars, lowering taxable income now.
- 9. Savings plan not meeting IRS retirement rules; often flexible but without tax breaks.
- 10. Government and certain nonprofit retirement plan with no early withdrawal penalty after leaving a job.
- 12. Type of plan that follows IRS rules for tax-advantaged retirement savings.
Down
- 1. Professionally managed pool of stocks, bonds, or other investments.
- 3. Traditional retirement income that pays you a set amount for life.
- 4. Individual retirement account with after-tax contributions and tax-free growth.
- 5. Individual retirement account with pre-tax contributions and taxed withdrawals.
- 6. Retirement plan for teachers and nonprofit workers.
- 8. Employer-sponsored plan with after-tax contributions; withdrawals in retirement are tax-free.
- 11. An IOU where you lend money to a company or government for interest.
- 13. Traded like a stock, but holds a basket of investments, often low-cost.