Presentation W!SE Review

When is the W!SE Test?

• April 15th

• May 16th

• April 16th

• Never

A person needs to know that the standard of living during retirement years can be seriously affected by a change in?

• High Risk

• Influction

• Tender

• Inflation

Which is NOT an example of a retirement plan?

• 529 Plan

• Roth IRA

• 401K

• IRA Plan

Which retirement plan is an employer-sponsored retirement plan?

• 529 Plan

• 401K

• Roth IRA

• 503 (c)

True or False: You are able to choose how much money you want to contribute to your 401 (k)

• True

• False

True or False: A Roth IRA, you don't pay taxes until you withdrawal.

• True

• False

Which type of IRA Account let's you withdraw money in retirement, those withdrawals are taxed as ordinary income

• Roth IRA

• Traditional IRA

Which retirement plan allows your investment earnings to grow tax-free?

• Roth IRA

• Traditional IRA

Which retirement plan allows companies to match their contributions?

• 401K

• Traditional IRA

• Roth IRA

Which retirement accounts allows you to withdraw money in retirement, both contributions and and earnings are tax-free

• Roth IRA

• Traditional IRA

• 503 (c)