Retirement

Which are stock exchanges in the US

• NYSE

• NASDAQ

• Chicago Stock Exchange

• JPX

This type of retirement plan favors older workers who work for the same company for many years. It guarantees monthly income payments to the retiree.

• A 401-K Plan

• A pension

• A Roth IRA

• A Traditional IRA

John's company will match his pre-tax contributions to the company's retirement plan, known as:

• A 401(k)

• A Roth IRA

• A defined benefit plan

• A traditional IRA

What is the name of this coin?

• Nickel
• Penny
• Quarter
• Dime

You can begin withdrawing IRA funds at anytime without incurring additional taxes or penalties.

• True

• False

Benefit of diversification in your investments is

• Reduced risk

• Increase return

• Reduced tax liability

• Increased risk

What is a Traditional IRA?

• A Traditional IRA is a special retirement account where you pay taxes on money going into your account, and then all future withdrawals are tax-free.

• A Traditional IRA allows individuals to direct pre-tax income toward investments that can grow tax-deferred. The IRS assesses no capital gains or dividend income taxes until the beneficiary makes a withdrawal.

A Roth IRA requires you to take minimum distributions at 70-1/2.

• True

• False

Traditional IRA's give you tax benefits now while Roth IRA's give you benefits in retirement.

• True

• False

The benefit of a Roth IRA is you will never have to pay taxes when you withdraw the money at retirement.

• True

• False