Who contributes to 401K’s?
Personal Finance Review

Quiz
•
Social Studies
•
12th Grade
•
Medium
Mary Maddox
Used 86+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
employees and employers
parents
the government
no one
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Risk can be defined as
the potential for good fortune
the potential for profit
the potential for loss
the potential for gain
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What happens if you withdraw money from your retirement account early?
amount withdrawn will be taxed at your current income tax rate & you may pay a penalty-
nothing will happen
you loose interest
you loose your investment
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the best type of investment for someone nearing retirement?
stocks
mutual funds
bonds
real estate
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Who contributes to IRA’s?
individuals only
employers only
the government
individuals and employers
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Although banks typically pay low interest rates, you can earn more money from a bank if you put money into
an interest-baring checking account
a savings account
a CD (certificate of deposit)
skip the bank & put the money under the matress
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When is the best time to start planning for your retirement?
as early as possible & by your early 20s
as late as possible & close to the retirement party
in your 40s after you have all the children you plan to have
in your 60's when you start keeping your grandchildren
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