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WorksheetsUnit 6 / Saving & Investing / Review
Total questions: 10
Worksheet time: 5mins
What makes investing different from saving?
Investing usually is a term of 0-5 years
Investing includes cash and money market accounts
Investing is about accumulating wealth over the long term
Which saving/investing type involves the least amount of risk?
Cash
Savings Account
Stocks
T / F: Many experts that study the stock market can "beat the market", so it's best to invest with an expert even if it costs you more money.
True
False
When is it best to start saving for retirement?
after your home is paid off
after you get a promotion
after you get your dream job
ASAP
T / F: Roth IRAs are available through your employer.
True
False
As you get older, more / less of your portfolio should be invested in the stock market (compared to bonds).
more
less
According to the Rule of 72, how long will it take an investment earning 6% to double?
6 years
8.3 years
12 years
The answer cannot be found with this information.
This individual retirement account uses post-tax dollars. Money is not taxed when taken out in retirement.
Traditional IRA
Roth IRA
401(k)
Which saving/investment type involves the greatest risk?
Cash
Savings Account
Bonds
Stock Market
Investments are volatile and returns vary each year. This is because investing is a(n) ________.
Risk
Neccessity
Asset
Portfolio
