Your 50s are not the time to slow down on retirement planning

Your 50s are not the time to slow down on retirement planning

Assessment

Interactive Video

Life Skills, Business

University

Hard

Created by

Quizizz Content

FREE Resource

The video provides guidance on retirement planning, emphasizing the importance of maximizing contributions and taking advantage of catch-up contributions for those over 50. It explains IRS contribution limits and suggests planning for retirement lifestyle and location. The key message is to continue saving and planning to ensure a comfortable retirement.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact do additional expenses, like buying a new house or taking a trip, have on retirement?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How can individuals over 50 maximize their retirement contributions?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the IRS limit for contributions to a retirement account for high earners in 2024?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What should you consider when thinking about your retirement years?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

Why is it important not to slow down retirement savings as you approach retirement age?

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