401K

A 401(k) plan is a ________

• special type of business plan

• bank account specifically for entrepreneurs

• benefit for workers making $401,000 or less

• benefit that helps workers invest for retirement

About how much more does money grow when it’s invested rather than deposited in a traditional savings account?

• About 10 times more

• About 50 times more

• About 100 times more

• About 150 times more

How can you invest for retirement if your employer does not offer a 401(k) plan?

• You simply wouldn’t be able to invest

• Open a 401(k) from a relative’s employer

• Open an Individual Retirement Account

• Open a 501(c)(3) instead

What is one example of a “brokerage” service?

• Offering certificate of deposit accounts

• Offering high yield savings accounts

• Allowing customers to buy/sell stocks

• Allowing customers to sell goods online

How much of your income do experts recommend investing in a 401(k) account?

• 5%

• 10%

• 15%

• 25%