Unit 8 Retirement Vocab Quiz Review

The time when a person stops working for an employer.

• Retirement

• Semi-retired

• Single Life Annuity

• Vested

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

A person of retirement age who works part time.

• Qualified Joint & Survivor Annuity

• Vested

• Retirement

• Semi-retired

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

A deposit made to a retirement account that is deducted from wages before taxes.

• Pre-tax dollars

• Tax-exempt

• After-tax

• Capital Gains

Money used for investing that has already been taxed.

• After-tax investments

• Pre-tax dollars

• Deferred Compensation

• Vested

An account that is opened by an individual, rather than sponsored by an employer.

• IRA

• 401(k)

• 403(b)

• Pension

A savings plan in which the income generated by the account it tax deferred until it is withdrawn from that account.

• Traditional IRA

• Roth IRA

• Cost of Living

• Lump-sum payment

Taxes that are paid at the time the money is withdrawn from the account, not when the money is actually earned.

• Tax-deferred

• Tax-exempt

• Pre-tax

• After-tax investments

Deposits are taxable, but when the money is withdrawn the money and the income earned is tax-exempt.

• Pension

• Traditional IRA

• Roth IRA

• 401(k)

Money that is not taxed.

• Tax-exempt

• Tax-deferred

• After-tax investments

• Pre-tax dollars

A retirement savings plan that is sponsored and set up by an employer for its employees.

• 401(k)

• Traditional IRA

• Roth IRA

• Consumer Price Index