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Deposit account held at a bank that provides principal protection and a modest interest rate.
Synonyms: savings accounts
The percentage of your paycheck diverted directly into your retirement savings.
An investment that has financial value, such as stocksOwnership in a part of a company where your investment sees gains or losses based on that company's performance. and bondsA loan to a company or the government for a certain period of time in exchange for interest payments..
The federal benefits paid to workers during retirement if they have paid into the system during their working years.
Ownership in a part of a company where your investment sees gains or losses based on that company's performance.
Fees charged by an investment product for withdrawing your money early.
systematic withdrawal plan
A service that provides a specific payout to you on a regular basis.