Wealth Building Money In Review

Retirement plan for self employed people.

• ESA

• 403(b)

• 401(k)

• SEPP

The typical retirement plan found in most corporations/businesses.

• 403(b)

• 401(k)

• SEPP

• ESA

Used for saving for college.

• ESA

• 401(k)

• Roth IRA

• 403(b)

The typical retirement plan found in non-profit groups such as schools and hospitals.

• 403(b)

• 401(k)

• ESA

• SEPP

Which type of IRA grows tax free?

• Traditional

• Roth

An Educational Savings Account (ESA) is used for

• Retirement

• College

• An emergency fund

• A new car

Which of the following is NOT a retirement plan?

• 401(k)

• 403(b)

• Roth IRA

• ESA

Which is NOT a benefit of the Roth IRA?

• Grows tax free

• Unlimited contributions

If your company provides a match up to 6%, how much should you personally contribute to your 401(k) if you earn $35,000?

• $1,150

• $2,100

• $3,500

• $5,250

What should you do with your retirement accounts when you leave a company?

• Cash them out

• Fund deposit

• Fund shift

• Direct Transfer