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1 . Define the difference between a defined benefit plan and a defined contribution plan. What is more common in America today? 2 . If

1. Define the difference between a defined benefit plan and a defined contribution plan. What is more common in America today?
2. If a company does not have a retirement plan in place (not a defined benefit or a defined contribution plan), what can you do as an individual investor to sock money away in a tax deferred account.
3. Discuss credit and why it is good and why it can be bad if used in excess.
4. What is FICO and what are some things you can do to boost those scores? Why would you want to have a high FICO scores?
5. If you use a credit card, what should you do to manage it effectively?
6. To the closest trillion dollars, what is the current debt of the United States? How would you attempt to fix this problem? What is going on with this COVID-19 pandemic and how is it affecting our national debt? (THIS SHOULD BE 4-5 PARAGRAPHS AT A MINIMUM!!!!)
7. Why is a Roth IRA such a great idea? Discuss how much you could contribute and where you could contribute these dollars each year. You can split this money up into separate accounts. Where would you put yours? {there is no wrong answer herejust justify and explain what you would do}
8. What is Social security and what are some of the benefits/advantages of it? There are different types of beneficiaries. Name as many as you can. What age can you begin drawing for old-Age Benefits? What are some of the reasons that you may want to WAIT to begin drawing Social Security.
9. Vanguard, Fidelity, T. Rowe Price are examples of investment companies. What should you look for when investing your money with these types of companies? What do you want to avoid when investing in mutual funds. Discuss what ETFs, no-load mutual funds, and index funds.
10. Discuss replacement value insurance, renters insurance, and uninsured motorist insurance.
11. What are some important things to remember in the purchase of stock and bonds? Discuss price/earnings ratio, beta, and types of stocks.

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