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Helpful Terms and Tools
Retirement Income – The amount of monthly income you are able to draw from a collection of social security, investment profits, and savings interest

Retirement Plan – Your plan for how you would like to spend your post-working years

IRA – a type of investment account that allows long term contributions for reduced tax burden

401k – a type of investment account that allows pre-tax contributions and often has an employer matching contribution

Income Gap – the difference between what women get paid and what men get paid for the same work

Emergency Fund – a special savings account contributed to regularly and held aside for emergency expenses

Social Security – a program that pays people who are unable to work or who are past a certain age

Investment – a contribution made at a risk that awards long term payoffs in the future