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You and your spouse wish to give each of your three grandchildren a yearly tax-free gift from your estate. If you both give each of your three grandchildren the maximum amount allowed by law, what is the total amount that you, as a couple, would pay out in gifts according to our notes?

A(n) ________ is a trust established to transfer assets to your children, while allowing the surviving spouse access to funds in the trust, if necessary. Trust assets are distributed to the children tax free upon the death of the surviving spouse.

The best way to save for a 401(k) is to _____.

The settlement option that provides for ongoing payments for a period of time is called ______.

The ________ is the value of the mutual fund’s holdings, minus any debt, divided by the number of shares outstanding.

Fire, theft, and windstorm damage are examples of_______?

A defined benefit retirement plan is also known as a/an _____.

As a shareholder in Titanic Shipping, Inc., James Blue is one of the many actual owners. In case of the bankruptcy of the corporation, his liability would be limited to _____.

That portion of a stock’s risk or variability that cannot be eliminated through investor diversification is called _____ risk.

For every $100 set aside in a flexible spending account, taxable income is reduced by _____.