401k’s

401k’s

9th - 12th Grade

5 Qs

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401k’s

401k’s

Assessment

Quiz

Others

9th - 12th Grade

Practice Problem

Medium

Created by

Byron Suquilanda

Used 8+ times

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You’re a high-earning individual in your peak earning years.

You prefer a tax benefit now during your high-earning years.

401k

Roth 401k

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You want the flexibility to avoid required minimum distributions during your retirement, allowing your retirement savings to grow tax-free for as long as you like?

401k

Roth 401k

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You are looking for a way to diversify your tax exposure in retirement,

and you would like to potentially develop a tax-free income source?

401k

Roth 401k

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You prefer to reduce your current taxable income

and potentially receive a tax deduction for your contributions.

401k

Roth 401k

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You more focused on long-term tax planning and

want to maximize tax-free withdrawals in retirement?

401k

Roth 401k