Part 4 Review Questions

FLH-21

  1. Question

    What is the difference between saving and investing?

  2. Question

    Briefly describe each of the four kinds of investments.

  3. Question

    Briefly describe the different kinds of retirement accounts. Why is it a good idea to invest in retirement accounts as soon as you start working?

Project

What does it mean to “diversify” your savings plan? Research different kinds of savings and investments and come up with a plan that provides a good balance of both.