David, Hannah, and Daniel are attending a seminar on 'Financial Planning for Future'. The speaker asks David, 'Which type of retirement account allows contributions to be made with pre-tax dollars?' Can you help David answer?
Retirement Planning Key Terms

Quiz
•
Mathematics
•
12th Grade
•
Hard
Anna Misso
Used 2+ times
FREE Resource
35 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Roth IRA
SEP plan
401(k)
After-tax investments
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Anika, Lily, and Aria are studying for their civics test. They come across a question they can't answer: 'What is the name of the federal program that provides retirement benefits?' Can you help them?
Pension
Vested
Old-Age, Survivors, and Disability Insurance
Social Security benefit
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Abigail, Nora, and Kai are all employees at a large corporation. They're having a discussion during lunch about their future retirement plans. Elijah, David, and James, who are senior employees, join them and start discussing the formula used to calculate pension benefits based on an employee's final average salary. Can you help them understand this?
Final-average Formula
Single life annuity
Qualified joint and survivor annuity
Flat-benefit Formula
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Aiden, Jackson, and Kai are studying for their 'Insurance Fundamentals' class. They are discussing a case study about a person who receives the money from a life insurance policy. They are confused about the term for this person. Can you help them out?
Term life insurance
Beneficiary
Premium
Group term life insurance
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Sophia, Scarlett, Emma, Aiden, Ethan, and Arjun are planning to invest their savings. They want to choose an investment type that is less risky and more stable. What type of investment should they choose?
Aggressive investment
Speculative stock
Liquidity
Conservative investment
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Aiden, William, and Anika are planning to buy a car. They are discussing about the insurance costs and Aiden asked a question: 'What is the term for the amount you must pay out-of-pocket before an insurer will cover any expenses?'
Deductible
Premium
Beneficiary
Term life insurance
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Lily, Abigail, and Maya are working professionals who are considering their future financial stability. They recently attended a seminar where they learned about a retirement plan that allows employees to allocate a portion of their pre-tax salary towards long-term investments. Can you identify the name of this plan?
401(k)
Roth IRA
SEP plan
After-tax investments
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