401K

How much have Americans saved up for retirement?

• 31.3 Trillion

• 33.1 Billion

• 333.1 Trillion

• 33.1 Trillion

401K's are sponsored by who?

• The Government

• The Employer

• The Employee

• The State you live in.

If the 401k is one of the legs in the "3 legged stool" what are the other two parts?

• Social Security & 401k

• Social Security & Private Savings

• Private Savings & Persi

• Social Security & Social Security

When did 401K's become the most popular for of savings?

• 1960's

• 1970's

• 1980's

• 1990's

Congress passed a tax code, what was the name of that code?

• The 401k act

• The 401k takes over Pensions

• Revenue act of 1987

• Revenue act of 1978

What is the "Father of the 401k" first name

Give 1 of the 401k investment types

The younger you are they suggest that you should contribute in

• Roth

• Traditional IRA

• Education

• Your Career

Retirement savings is what

• quick money gain

• a long slow money gain

• it doesn't matter I am in high school

• What is retirement savings again?

What was the act passed during the Pandemic that allowed barrowers to take money out without being charged 10% for early with drawl?

• Bears

• Tears

• Cheers

• Cares