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Personal Finance - Investing Vocabulary

Total questions: 10

Worksheet time: 8mins

Name
Class
Date
1.

A defined contribution plan for employees of schools, non profit organizations and government rule

a)

401K Plan

b)

403B Plan

c)

Roth IRA

d)

IRA

2.

A defined contribution plan for employees of companies that operate for a profit

a)

401K Plan

b)

403B Plan

c)

Roth IRA

d)

IRA

3.

An IRA for which you can deduct your contributions each year from your taxable income

a)

Roth IRA

b)

Money Market Account

c)

Traditional IRA

d)

401K Plan

4.

A tax-deferred retirement plan available to small businesses

a)

Simplified Employee Pension

b)

Stock Market

c)

Mutual Fund

d)

Roth IRA

5.

A type of IRA where contributions are taxed but earnings are not

a)

Traditional IRA

b)

Roth IRA

c)

Pension

d)

Social Security

6.

A tax deferred retirement savings plan to self employed individuals and their employees

a)

Self-employed Pension

b)

Government Fund Savings Option

c)

Mutual Funds

d)

Keogh Plan

7.

A retirement plan that allows individuals to set aside up to specified amount each year and delay paying tax on the earning until they begin withdrawing it at age 59 ½ or later

a)

IRA

b)

Savings Account

c)

Money market account

d)

Pension

8.

A company sponsored retirement plan in which employees can receive a periodic or lump-sum payment based on their account balance and the performance of the investments in their account

a)

Defined Contribution Plan

b)

IRA

c)

Roth IRA

d)

401k Plan

9.

A company sponsored retirement plan in which retired employees receive a set monthly amount based on wages earned and number of years of service

a)

401k Plan

b)

Pension

c)

Defined Benefit Plan

d)

IRA

10.

Income from an investment paid in a series of regular payments made for a set number of years

a)

Dividends

b)

Annuity

c)

Mutual Funds

d)

403b Plan