Financial Literacy - Unit 3 Test Review

Front

Two things that threaten people's retirement accounts?

Back

Risk & Inflation

Front

How many social security credits guarantee lifetime benefits?

Back

40

Front

Traditional IRA's are...

Back

Tax Deferred

Front

Which retirement plan is traditionally offered to non-profit organizations?

Back

403B

Front

401Ks earn more money due to what?

Back

Employer contribution

Front

Worker's get full social security benefits at what age?

Back

67

Front

An example of an employer retirement plan is called a _____

Back

Pension

Front

Government provided basic healthcare is called _____.

Back

Medicare

Front

Average retirees spend __% of their income on healthcare.

Back

20

Front

You cannot withdraw from a Roth IRA until age___

Back

59 1/2