Flashcards in Dave Ramsey - From Tuition to Tuition - Chapter 10 Deck (15):
Once the emergency fund is in place, you should begin retirement and college funding, which falls within long-term investing for _____.
[Baby Step 4] - Invest _____ of your household income into Roth IRAs and pre-tax retirement plans.
ALWAYS save long-term with tax _____ dollars.
Everyone with an _____ income is eligible for an IRA
Remember: IRA is not a type of _____ at a bank. It is the tax treatment on virtually any type of investment.
The Roth IRA is an _____-tax IRA that grows _____ free!
Why Roth IRA?
-Higher _____ at retirement
A _____-employed person may deduct up to 15% of their net profit on the business by investing in a SEPP.
Most companies have completely done away with traditional _____ plans in the last 10-20 years. Some new plans offer a variety of pre-tax choices.
Some companies are now offering the ____ 401(k), which grows tax-free.
Do not use Guaranteed investment _____ (GIC) or bond funds to fund your plan
You should be funding your plan whether your company _____ or not, but the plans that have a company matching provide even greater returns.
You should _____ roll all retirement plans to an IRA when you _____ the company
Do not bring the money home! Make it a _____ _____.