Across
- 1. One of the reasons why people buy Annuities is because when a person dies, the beneficiary receives either more or the same of all the amount within the account.
- 9. Essentaily a hybrid between Whole Life Insurance and Universal Life Insurance.
- 10. They are agreements to buy and sell a certian item at a quanity of the product at a specific price on a particular day.
Down
- 2. There is a 10% Penality for this to happen, it is when money is out of the account before hitting retirement.
- 3. Are categorized as either Defined Contribution or Defined Benefit plans.
- 4. The max contributions that is permitted of up to $22,500. What type of account is this?
- 5. "generally promises to provide returns linked to the performance of a market index."-Investor.gov
- 6. is a tax-qualified, defined contribution plan featuring a flexible employer contribution provision.
- 7. Type of retirement savings account that the withdrawls are taxed when taken out. It is the opposite of a Roth IRA.
- 8. is a contract between you and an insurance company designed to help retirement and other long-term goals.