Unlock Wealth: Investing Beats Saving, Hands Down
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Resources & Recommendations
People Mentioned
- Mary Childs (Financial journalist and co-host of NPR's Planet Money) - Referenced for her expertise in financial journalism and co-hosting a related podcast.
Organizations & Institutions
- NPR - The parent organization of the Life Kit podcast, mentioned in the context of its federal funding being eliminated and its annual Giving Tuesday campaign.
- Vanguard - Mentioned as a platform where users can manage and roll over retirement accounts.
- Fidelity - Mentioned as a platform where users can manage and roll over retirement accounts.
- Schwab - Mentioned as a brokerage firm where one might open an account for direct market investment.
Websites & Online Resources
- plus.npr.org - Website for NPR Plus, a service offering perks like bonus episodes and curated content in exchange for recurring donations.
Other Resources
- 401k - A type of company-sponsored retirement plan, typically for employees of for-profit corporations, offering tax benefits.
- 403b - A type of company-sponsored retirement plan for employees of public education organizations and some tax-exempt nonprofits, offering tax benefits.
- Roth IRA - An individual retirement account where contributions are made with after-tax money, and qualified withdrawals in retirement are tax-free.
- Traditional IRA - An individual retirement account where contributions may be tax-deductible, and withdrawals in retirement are taxed.
- S&P 500 - An index tracking the performance of 500 large U.S. companies, often used as a benchmark for the broad market.
- Nasdaq - An index mentioned as another example of a market index that index funds can track.