In each blank, try to type in the
word that is missing. If you've
typed in the correct word, the
blank will turn green.
If your not sure what answer should be entered, press the space bar and the next missing letter will be displayed. When you are all done, you should look back over all your answers and review the ones in red. These ones in red are the ones which you needed help on. Term: 401(k)Definition: "an employer-sponsored plan that gives employees a choice of investment options. Employee contributions to a 401(k) plan and any from the investments are tax-deferred." Taxes are payed after retirement. Term: 403(b)Definition: "A 403(b) plan, also known as a tax-sheltered annuity (TSA) plan, is a retirement plan for certain employees of public schools, employees of certain tax-exempt organizations, and ministers." ... "accept payroll-deducted contributions" Term: AnnuityDefinition: A payment given to someone, payed annually Term: Definition: "an or supplement that explains, modifies, or revokes a will or a part of one"(eg, changing will from one person to another because that person died, etc) Term: Defined Benefit Definition: on years worked at a place and average salary; Set amount income after retirement given by previous employers Term: Definition: "the of the shares issued by a company"; "the value of a mortgaged property after deduction of charges against it." In other words, the value of estate when passed on Term: Definition: "all the money and property owned by a particular , especially at death." Term: PlanningDefinition: "the act of preparing for the transfer of a 's assets after his or her death." Term: TaxDefinition: "a tax levied on the net value of the estate of a deceased person before distribution to the ." Term: Definition: "a or institution appointed by a testator to carry out the terms of their will." Term: Gift Definition: You can give up to $14,000 in gifts w/o tax every year w/o taxed, but after that, there is a tax Term: HeirsDefinition: "a person legally to the property or rank of another on that person's death" -google Term: Retirement Plan(IRA)Definition: Aka Individual Retirement ; can be put in any bank; was created by the government to help save money Term: InflationDefinition: The lowering of the worth of a currency due to raised prices/money in the system... eg, USD today vs 1-cent candy days Term: Inheritance Definition: "a tax imposed on someone who inherits property or Term: IntestateDefinition: "a person who has died having made a will" Term: Joint Tenants with Right of Definition: If one person dies, the will be passed on to their survivor(surviving owner; eg, co-owned business; Scrooge) Term: MedicareDefinition: Federal Health Insurance program for those 65+ years in age, or those with disabilities. Term: Power of Definition: "the authority to act for another person in specified or all legal or financial matters"; you can give someone your power of attorney(eg, Grey choosing matters in 's emergency health) Term: WillDefinition: A will that is 'simple' in leaving all of one's behind(eg, all belongings going to spouse, instead of a complicated process of distributing everything between Jim, Sally, and everyone around) Term: Social Definition: "a federal insurance program that provides benefits to retired people and those who are unemployed or disabled"... "provides monetary assistance to those with an inadequate or no ." Term: Definition: "a person who has made a will or a legacy" Term: Definition: A group of trustees; a is giving someone property and such under the trust that they will use it "for the benefit of one or more others" Term: TrusteeDefinition: person of a trust board/group Term: WillDefinition: A legal document that someone's 'will' after their death(gives instructions beyond death) |
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