COMPARE: Types of Retirement Accts

Choose the type of retirement account for which the statement is true:

Eligibility: Nothing about the account changes, even if you switch jobs

• Pension

• 401(k)

• Traditional IRA

• Roth IRA

• None

Choose the type of retirement account for which the statement is true:

Eligibility: Eligibility may be affected by how long you work with a given company

• Pension

• 401(k)

• Traditional IRA

• Roth IRA

• None

Choose the type of retirement account for which the statement is true:

Eligibility: All employers offer this type of account

• Pension

• 401(k)

• Traditional IRA

• Roth IRA

• None

Choose the type of retirement account for which the statement is true:

Taxes: The money you put into this retirement account has already had taxes taken out of it

• Pension

• 401(k)

• Traditional IRA

• Roth IRA

• None

Choose the type of retirement account for which the statement is true:

Taxes: You pay taxes when you eventually take the money out

• Pension

• 401(k)

• Traditional IRA

• Roth IRA

• None

Choose the type of retirement account for which the statement is true:

Contributions: Your company may contribute funds toward your retirement

• Pension

• 401(k)

• Traditional IRA

• Roth IRA

• None

Choose the type of retirement account for which the statement is true:

Contributions: Any contributions you make come directly from your paycheck

• Pension

• 401(k)

• Traditional IRA

• Roth IRA

• None

Choose the type of retirement account for which the statement is true:

Contributions: You make contributions from your bank account

• Pension

• 401(k)

• Traditional IRA

• Roth IRA

• None

Choose the type of retirement account for which the statement is true:

Investment Options: Your employer has some say in how the money is invested

• Pension

• 401(k)

• Traditional IRA

• Roth IRA

• None

Choose the type of retirement account for which the statement is true:

Investment Options: You have some choice in how your contributions are invested

• Pension

• 401(k)

• Traditional IRA

• Roth IRA

• None