Everfi: Personal Financial Literacy, Answered-A tax form filled out by an individual and filed with the IRS that determines the amount of income tax owed in
a single year. - 1040
A retirement account offered through
...
Everfi: Personal Financial Literacy, Answered-A tax form filled out by an individual and filed with the IRS that determines the amount of income tax owed in
a single year. - 1040
A retirement account offered through an employer, where an employee can contribute money from his or her
paycheck before or after taxes. - 401(k)
A retirement account similar to a 401(k) plan, but offered by non-profit organizations, like universities or
charitable organizations. - 403(b)
A savings plan offering tax benefits that can be used for any qualified educational expenses. - 529 College Savings Plan
An abbreviation that stands for Automatic Teller Machine. An ATM is a machine that allows you to make
electronic deposits and withdrawals from your bank accounts. - ATM
Each bank account has a unique account number. The account number can be found at the bottom of a
check the second range of numbers in the series of numbers at the bottom of a check that tells the bank
cashing the check which account to pull the money from. - Account Number
Another name for the interest rate charged on the balance of a credit card. - Annual Percentage Rate (APR)
A type of insurance that protects a policyholder in the case of a car accident. Most states require it by law. - Auto insurance
A transfer of your existing credit card balance to another credit card. Balance transfers are typically used when
a consumer wants to transfer their credit card debt onto a card with a lower interest rate. - Balance Transfer
A bond is basically a loan, except that in this case, you're the lender. When you buy a bond, you loan an
amount of money to the organization issuing the bond at a certain interest rate for a certain period of time.
You are paid interest from this loan at regular periods, and then, when the bond matures, you get back your
initial investment plus any additional interest. Treasury and municipal bonds are specific types of bonds. - Bonds
A brokerage account is an account you open with a stockbroker in order to trade stock on a stock exchange.
The broker uses the money in the a
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