Semester 2 Vocabulary

2. Interest calculated only on the original amount you borrowed or deposited.
6. Health insurance for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease (ESRD).
7. The amount of money you have in your account after adding deposits and subtracting withdrawals.
8. The original amount of money you invest or borrow.
12. Income or organizations that don't have to pay taxes.
13. The age when you can get your full Social Security benefits.
16. Something that happens once every year.
17. Money from the government to help retirees, people with disabilities, and survivors.
20. Money you put into an account before paying taxes, often for retirement.
23. Something that happens four times a year, every three months.
24. When you work less or in a different way than before, but you're not fully retired.

1. Something that happens twice a year.
3. The percentage of your principal that you either pay or earn as interest over time.
4. Points you earn based on your work history and earnings, which determine your Social Security benefits.
5. The date when you can take out your money from an investment or loan.
9. A special bank account where you deposit money for a set period, and in return, you earn a fixed amount of interest.
10. When you stop working, usually at an older age, and rely on savings and benefits for income.
11. Money you invest after paying taxes on it.
14. A way to measure how much money you'll make from an investment over a year, including compound interest.
15. Something that happens every day.
18. A special account where you save money for retirement, and sometimes you get tax benefits.
19. Interest calculated on both the original amount and the accumulated interest.
21. Investment earnings that you don't pay taxes on until you take the money out, usually in retirement accounts.
22. Money taken out of your paycheck to fund Social Security and Medicare.