Financial Literacy

italy401(k) – A retirement savings plan funded by employees and habitually matched by contributions from the employer; contributions are typically made before taxes and grow tax-free until withdrawn, although after-tax contributions are also allowed.

 529 plan – A savings plan managed by a state or educational institution intended to help set aside funds for future college costs. Savings deposited in a 529 plan grow tax-free until withdrawn.

 American Stock Exchange (ASE) – The third-largest stock exchange by trading volume in the United States.

 Annual fee – A yearly fee related to some financial accounts.

 Annual percentage rate (APR) – The yearly interest rate charged on outstanding credit card balances.

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