Investing and Retirement

Which of the below is an employer based retirement plan that both employees and employers contribute to?

• Traditional IRA

• Roth IRA

• 401K

• Pension

What type of employers usually offer pension plans for employees?

• Government agencies

• fast food restaurants

• small start ups

• private schools

Which of the below is an employer based retirement plan that only employers contribute to?

• Traditional IRA

• Roth IRA

• 401K

• Pension

Which of these accounts will NOT change if you switch jobs?

• IRA

• 401K

• Pension

Which of below accounts is your contribution directly taken out of your paycheck?

• 401K

• IRA

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

• Traditional IRA

• 401K

• Roth IRA

• Pension

What does tax deferred mean?

• You pay taxes when you put the money into the account and when you withdraw it.

• You pay taxes now when you contribute to your account.

• You pay taxes at a later date when the money is withdrawn.

What type of account allows for instant diversification?

• mutual fund

• stock

• bond

Which has less risk?

• Bonds

• Stocks

If Ralph invest $1000 dollars at 6% interest, how long will it take him to double his money?

• 21

• 12

• 6

• 24

Tags

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