Financial Lingo

1. A debt or financial obligation that you owe to someone else.
9. The complete collection of all your financial investments combined.
10. A tax-savvy move where you send money directly from your IRA to a charity, completely bypassing your taxable income.
11. The responsible person or institution you legally appoint to manage and distribute the assets inside your trust.
13. The safety strategy of "not putting all your eggs in one basket."
16. The original amount of money you invest or borrow, before any interest is added or subtracted.
17. A charitable giving account where you take the tax deduction today, but can slowly grant the money to your favorite charities over time.
18. The grand total of what you have left after subtracting what you owe from what you own.
19. A loan you make to a company or government, which they promise to pay back with interest.
20. A retirement account where you pay taxes before the money goes in, so it comes out completely tax-free later.

2. The stealthy force that causes the general price of goods to rise and your purchasing power to drop over time.
3. Anything of value that you own, like cash, a house, or investments.
4. How quickly and easily you can turn an investment into usable cash.
5. The Required Minimum Distribution, or the amount the IRS forces you to withdraw from retirement accounts at a certain age.
6. A large pool of money collected from many investors to buy a diversified mix of investments.
7. The eagerly anticipated annual bump in your Social Security check designed to help you keep up with inflation.
8. A slice of a company's profits that is paid out regularly to its shareholders.
12. The specific person or charity you choose to receive your assets after you pass away.
14. An investment that represents a tiny piece of ownership in a publicly traded company.
15. An Individual Retirement Account designed to help you save for life after work with tax advantages.