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Retirement Review

Authored by Sara Pedrick

Life Skills

9th - 12th Grade

Used 6+ times

Retirement Review
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Income for social security is always more than enough to live on for retirement.

true

false

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You should borrow money from your retirement account.

true

false

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You can withdrawl money from your Roth IRA when you are .... years old

55

60

65

59.5

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Earnings are tax free for a Roth IRA.

true

false

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is tax deductible?

traditional IRA

Roth IRA

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For a 403b plan, it is tax deferred, which mean you pay the taxes when you...

contribute the money

withdraw the money

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For a 401K match, employers match an employees contribution with 100% of whatever the employee contributes.

true

false

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