personal financial literacy

Which of the following are commonly used to provide retirement income?

• 401(k)

• Social Security

• Roth IRA

• Pensions

Which of these are considered good debt?

• Student Debt

• Mortgage

• Personal Loans

• Credit Card Debt

What is the benefit of a Roth IRA?

• You can pull the basis out at any point without penalty

• You will not have to pay taxes when taking distributions

• It reduces your Adjusted Gross Income (AGI)

• They grow tax-deferred

Ideally, how many months' worth of expenses should you keep in an emergency fund?

• 12 months

• 6 months

• 3 months

• 2 months

Describe your confidence as it relates to your personal financial literacy

• VERY CONFIDENT

• CONFIDENT

• SLIGHTLY CONFIDENT

• NONE

This innovative program that exists to assist Texas State students in learning how to successfully transition from the university to professional schools or enter the workforce

• Txst Café

• Boko Internship

• Bobcat Basic

• Career 101

In order to make an informed career decision, a high school student will want to:

• commit to a profession that requires a college degree

• choose a career that offers the amount of money desired

• develop personal goals, complete a career assessment, and research careers

• choose a training program that will guarantee employment after the course work is completed

How often is this employee paid?

• Bi-Weekly

• Weekly

• Quarterly

• Monthly

Entertainment and dining out are important expenses in a budget and should not be cut.

• False

• True

What percentage of your gross income should you save for retirement and future goals?

• 20%

• 10%

• 5%

• 40%