Ch12L3

A detailed list of your investments is referred to as a....

• Prospectus

• Portfolio

• IRA

• 401k

A detailed outline of how a firm invests money in a mutual fund is called a...

• Prospectus

• Portfolio

• IRA

• 401k

Match the following.

• Taxes are paid as soon as you contribute.

• Both 401k and Roth IRA

• This retirement account typically comes with a company match.

• Roth IRA

• Should be funded with 15% of your paycheck.

• 401k

To say your 401k comes with a company match...

• Means you will contribute whatever the company chooses for you.

• Means they will open a second account along with yours.

• Means they will also contribute money to your account.

This retirement plan is offered by non-profit companies.

• 401k

• 403b

• Roth IRA

• SEP

Identify all of the retirement plans below that rely on compound growth to grow you more wealth.

• 401k

• 403b

• Roth IRA

Identify all of the options below that are considered retirement plans.

• 403b

• 401k

• PES

• 457

• Roth IRA