Intro to Retirement!

What is the average age most Americans retire?

• 64

• 60

• 62

• 67

How much money do most people need per month to live comfortably in retirement?

• $2,500-$3,500

• $3,500-$4,500

• $1,500-$2,500

How much should you plan on needing TOTAL for retirement?

• $500,000-$750,000

• $1,000,000-$1,500,000

• $2,000,000-$3,000,000

• $300,000-$500,000

When should people start saving for their retirement?

• Uhh...As soon as possible.

• When they get their first job.

• In their 30s.

• When they're 10-20 years away from retiring.

How do most successful retirees get the majority of their income when they're retired?

• Personal Savings

• Social Security Checks

• Public Pensions

• Family & Friend Donations

What does "IRA" stand for?

• Individual Retirement Account

• I'm Really Annoyed

• Independent Retail Amount

• IDK

Which of these is NOT a retirement investment option?

• Roth IRA

• 401K

• C3PO

• MyRA

• 403B

Americans can trust that Social Security will help them pay for their retirement.

• True. Seriously, everything will be fine!

• Oh yeah, the government's got it under control.

• Yes. The government is great at managing money.

• False. ...don't count on it.

What's the difference between a "Traditional" and a "Roth" IRA?

• It's about when you pay taxes on the money.

• Traditional is more old-fashioned than a Roth.

• Roths are for younger people, Traditional are for older people.

• Nothing... They're the same.