1. Savings and Investments

2. Investing Through Insurance Life Insurance Cash-value insurance provides both savings and death benefits.

3. Investing in Your Future Pension Series of regular payments made to a retired worker under an organized plan. Individual Retirement Account (IRA) Tax sheltered retirement plan in which people can annually invest earnings. Types: 401K or 403b contributions are tax deductible and funds are taxed as regular income when they are withdrawn after age 59 ½. Both IRA contributions are not tax deductible, but investment gains and all funds on which taxes are prepaid are tax free when they are withdrawn after age 59 ½.

4. Investing in Your Future Annuity Amount of money that an insurance company will pay at definite intervals to a person who has previously deposited money with the company.

5. Investing Through Other Sources Real Estate Land and anything that is attached to it. Mortgage- Legal Document giving the lender a claim against the property. Home Equity Difference between the price at which you could currently sell your house and the amount owed on the mortgage. Appreciation-general increase in value of a property. Depreciation-general decrease in value of a property.

6. Investing Through Other Sources Types of Property Undeveloped Property (Land)- Unused land intended only for investment purposes. Commercial Property- Land and buildings that produce lease or rental income. Real Estate Investment Trusts (REITs) Works like a mutual fund. Combines funds to invest in real estate.

7. Collectibles Items of personal interest to collectors Rare coins, works of art, antiques, stamps, rare books, comic books, sports memorabilia, rugs, ceramics, paintings, and other items that appeal to collector and investors.

8. Commodities Include grain, livestock, precious metals, currency, and financial instruments. Futures Commodity contract purchased in anticipation of higher market prices for the commodity in the near future.

9. Investing With Others Investment Clubs- Small group of people who organize to study stocks and to invest their money. Mutual Fund Created by an investment company that raises money from many shareholders and invests it in

10. Speculative Investment Speculator One that has an unusually high risk.