Investing for Retirement

Front

Which of the following is not considered a retirement plan? Traditional IRA, Roth IRA, 401K, HMO

Back

HMO

Front

The relationship between risk and return can be stated as

Back

Higher risk indicates the higher possible return

Front

To diversify your investments means to ....

Back

Reduces risk by putting your money into several different investments.

Front

Where should you store your emergency fund? Options: IRA, Savings Account or a mutual fund, In your pocket

Back

Savings Account or a mutual fund

Front

If you die without a will, your property will go to the state in which you live.

Back

False

Front

Which would be considered the highest risk investment type? Individual Company Stock, Mutual Fund, Bond, Money Market Account

Back

Individual Company Stock

Front

Which of the following is generally true about 401(k) and 403(b) retirement plans? Options: It may be offered through your employer as a form of employee benefits., All companies offer them, All the money that is contributed into them comes from your employer

Back

It may be offered through your employer as a form of employee benefits.

Front

Mutual funds are less risky and can outperform the stock market because . . .

Back

They are diversified because they invest in several companies at once

Front

An investment that is considered a loan and has to be paid on a specific date known as a maturity date.

Back

Bond

Front

Investing your money can earn you more money because of . . . checking accounts, mortgage payments, compound interest, short-term savings

Back

compound interest