Financial Literacy in USA

The Content

1. Overview

• Securities: stocks, bonds, mutual funds
• Stock Exchange
• Stock Brokers
• Financial Advisors
• Life Insurance: Term Life, Permanent Life
• Life Insurance Agents
• Retirement plans: IRA, Roth, 401k
• Credit history, Credit score
• Car loans, refi
• Mortgage, refi

2. Securities I

• Stocks
• Bonds
• Stock Exchange
• Dividends

3. Securities II

• Mutual Funds vs ETF
• Stock Index
• Taxes: long-term vs short-term capital gains

4. Brokerage firms

• Individual vs Joint account
• Beneficiaries
• Transaction Fees
• NTF Funds
• Closing/Transfer out Fees
• Robo-advisors
• FDIC vs SPIC

5. Emergency Fund

• Saving accounts, CD
• Fed rate
• Money Market Fund
• Bonds: Government, Corporate
• Muni: Taxes, Dividends
• Gold

5. Retirement plans I

• IRA vs Roth
• 401k, Roth 401k
• HSA

6. Portfolio Creation I

• Risk Tolerance
• Investment Horizon
• Two Fund Portfolio
• Three Fund Portfolio
• Mutual Funds vs ETF
• DCA (Dollar Cost Averaging)

7. Retirement plans II

• Withdrawals from IRA/Roth
• Rollovers, reverse rollovers
• Roth Conversion
• 401k Termination
• 55-year rule
• 72t rule

8. Tax Optimizations

• Taxable account vs Roth
• Roth IRA Conversion Ladder
• Tax Loss Harvesting
• Tax Gains Harvesting
• Backdoor
• Mega Backdoor

9. Portfolio Creation II

• All-Weather portfolio
• Mid-cap, Small-cap
• International
• Dividend-funds
• Long-term bonds
• 4% rule

10. Credit System

• Credit History
• Credit Score
• (Secured) Credit Cards
• Loans
• Mortgage
• Refi

11. Social Security

• SSA
• SSI, SSDI
• RMD
• CPI

12. Life Insurance

• Term Life
• Permanent Life: Whole Life, IUL, VUL
• Annuity

13. Savings for Kids

• Kid Roth IRA
• 529
• UTMA
• Life Insurance

14. Business

• SEP IRA
• solo-401k
• Self-Directed IRAs

15. Real Estate

• 250/500 Tax Exempt
• Depreciation
• 1035 Exchange
• Step-up in Basis
• SDIRA
• Loans
• UDFI/UBIT

16. Portfolio Creation III

• All-in-one Funds
• Target Date Funds
• Robo-advising

17. Financial Advisors

• Licenses
• Fiduciary Duties
• Conflicts of Interest
• Life Insurance Agents
• Compensation Structure
• MLM-Financial Companies