Stetzen Thompson
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7 terms
Terms | Definitions |
|---|---|
 Steps in financial planning process | Set SMART Goals, Analyze Information, Create A Plan, Implement A Plan, Monitor And Modify The Plan |
| W-2 | A statement of an individual's annual wages and taxes provided by an employer that must be included with the employee's federal, state, and city income tax returns. |
| Lessor | someone who grants a lease |
| Interest Formula | Principal x rate x time |
| Loan Origination Fee | A fee charged to the borrower by the lender for making a mortgage loan. The fee is usually computed as a percentage of the loan amount. |
| 70-20-10 Rule | 70% of the money can be spent, 20% should be saved, and 10% should be invested |
| Insurance Types | • Automobile insurance • Credit insurance • Homeowner's insurance and property insurance • Health insurance • Disability income insurance • Life insurance • Long-term care insurance |
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