Planning for Retirement

Front

Which of the below is an employer based retirement plan that both employees and employers contribute to?
Options: Traditional IRA, Roth IRA, 401K, Pension

Back

401K

Front

Which of these accounts do you set up at a brokerage firm or other financial institution? 401K, Pension, Individual Retirement Account

Back

Individual Retirement Account

Front

Which of these accounts will NOT change if you switch jobs? IRA, 401K, Pension

Back

IRA

Front

Which of below accounts is your contribution directly taken out of your paycheck? 401K, IRA

Back

401K

Front

Which type of account will your employer often "match" your contributions?

Back

401K

Front

What does tax deferred mean?

Back

You pay taxes at a later date when the money is withdrawn.

Front

What type of account allows for instant diversification?

Back

mutual fund

Front

When should you start putting money away for retirement? Options: As soon as possible, Never, When you are 50., Whenever you feel like it.

Back

As soon as possible

Front

Pool of money managed by an investment company/ professional and invested in multiple companies.

Back

Mutual Fund

Front

Diversification lowers risk with investing.

Back

True