Savings Quiz

At what age can you start withdrawing money from your retirement plan without incurring a penalty.

• 59 1/2

• 60

• 62

• 65

Which retirement plan is offered by a corporation to its employees.

• 401K

• 403B

• 457

• 757A

A 401K is also a _____.

• defined contribution plan

• defined benefit plan

• pension

• IRA

The ___ is a retirement for people who work for themselves.

• SEP

• IRA

• 401K

• 403B

Which of the following retirement plans is not tax-defered.

• Roth

• Traditional IRA

• 401K

• 403B

A high-risk speculative investment that investors anticipate will rise in value based on the interest of others.

• collectible

• stock

• bond

• annuity

Low-risk investment.

• CD

• Mutual fund

• Stock

• Junk Bond

Regulates the buying and selling of stocks and other securities.

• Securities and Exchange Commission

• Federal Reserve

• U.S. Treasury

• U.S. Mint

Nickname for money.

• Green back

• Moolah

• Kwan

• Blue back

Putting money into a savings account before paying expenses.

• Pay yourself first

• Pay yourself last

• Budgeting

• Goal setting