Investing & Retirement Quiz Videos 47-48

Which of the following is a good investment option?

• Gold

• Viaticals

• Mutual Funds

• Futures

In some cases, employers will match the employee contribution, but you should fund your plan whether your company matches or not. This statement refers to:

• Single stocks

• Roth IRA

• Bond funds

• 401(k)

A retirement plan found in non-profit organizations such as churches, hospitals and schools.

• GIC

• 457

• 401(k)

• 403(b)

Employee benefits packages:

• Should not be a consideration when looking for a job

• Never include retirement plans

• Are the same regardless of the company you work for

• Are non-wage compensations provided to employees in addition to their normal wages or salaries

A savings account sold by an insurance company, designed to provide payments to the holder at specified intervals, usually after retirement.

• Money Market

• Mutual fund

• Single stock

• Annuity

If you get into financial trouble, borrowing against your retirement plan is a good option.

• True

• False

A savings plan operated by a state or educational institution designed to help families set aside funds for future college costs.

• 529 Plan

• Guaranteed Investment Contract

The Rule of 72 is calculated by ...

• multiplying 72 by the number of years it takes to double your investment.

• dividing 72 by the expected interest rate.

• None of the above

Why is real estate not a liquid investment?

• You can't put a "Liquidation Sale" sign in the yard.

• It cannot be quickly converted to cash.

• None of the above

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

• Traditional IRA

• Roth IRA

• 401K

• Pension