1) When researching safety on a vehicle, you should check on recalls.
2) Your standard of living is where you would like to be and your level of living is
where you actually are.
3) Credit scores can dictate whether you will be granted credit and at what interest
rates.
4) The cash value of a variable life insurance policy can fluctuate up and down.
5) The wise home buyer would prefer an ARM with just an interest-rate cap over an
ARM with just a payment cap.
6) Loans generally require equal payments over a set period of time.
7) With a rebate, the seller refunds a portion of the purchase price of the product either
as a direct payment or a credit against future purchases.
8) Retirement is the time in life when the major sources of income change from earned
income to employer-based retirement benefits, private savings and investments, income
from Social Security, and perhaps part-time employment.
9) Many high-income taxpayers must pay a higher alternative minimum tax rather than
the tax they owe after taking allowable adjustments and deductions.
10) Writing a “bad check” can be very expensive because of fees assessed by both the
bank and the payee.
11) A small percentage of mutual fund investors have their income reinvested.
12) Both alimony received and child support received are considered part of gross
income.
13) A limit order is especially useful when one wants to buy or sell stocks that are
relatively stable in price.
14) Both Medicare Part A and Part B pay 100 percent of covered expenses.
15) For most homeowners, mortgage payments represent total housing costs.
16) The time limit specified on a suicide clause is generally five years.