WorksheetsInvesting & Retirement Quiz Videos 47-48
Total questions: 15
Worksheet time: 8mins
Which of the following is a good investment option?
Gold
Viaticals
Mutual Funds
Futures
In some cases, employers will match the employee contribution, but you should fund your plan whether your company matches or not. This statement refers to:
Single stocks
Roth IRA
Bond funds
401(k)
A retirement plan found in non-profit organizations such as churches, hospitals and schools.
GIC
457
401(k)
403(b)
Employee benefits packages:
Should not be a consideration when looking for a job
Never include retirement plans
Are the same regardless of the company you work for
Are non-wage compensations provided to employees in addition to their normal wages or salaries
A savings account sold by an insurance company, designed to provide payments to the holder at specified intervals, usually after retirement.
Money Market
Mutual fund
Single stock
Annuity
If you get into financial trouble, borrowing against your retirement plan is a good option.
True
False
A savings plan operated by a state or educational institution designed to help families set aside funds for future college costs.
529 Plan
Guaranteed Investment Contract
The Rule of 72 is calculated by ...
multiplying 72 by the number of years it takes to double your investment.
dividing 72 by the expected interest rate.
None of the above
Why is real estate not a liquid investment?
You can't put a "Liquidation Sale" sign in the yard.
It cannot be quickly converted to cash.
None of the above
Which of the below is an employer based retirement plan that both employees and employers contribute to?
Traditional IRA
Roth IRA
401K
Pension
What is the difference between a Traditional and Roth IRA?
A traditional IRA's contributions are not taxed until you withdraw them at retirement. A Roth IRA's your contributions are taxed when you invest.
A Roth IRA's contributions are not taxed until you withdraw them at retirement. A Traditional IRA your contributions are taxed when you invest them in.
What does tax deferred mean?
You pay taxes when you put the money into the account and when you withdraw it.
You pay taxes now when you contribute to your account.
You pay taxes at a later date when the money is withdrawn.
If Ralph invest $1000 dollars at 6% interest, how long will it take him to double his money?
21
12
6
24
What percentage of your annual should you invest?
20%
10%
15%
5%
What book did Dave say his Billionaire friend told him to read?
The Millionaire Next Door
The Tortoise and the Hare
Oh, the Places You'll Go
Seven Habits of Highly Effective People
