COMPARE: Types of Retirement Accts
Authored by Laurie Fortunato
Mathematics
12th Grade
CCSS covered
Used 9+ times
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15 questions
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1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Choose the type(s) of retirement account for which the statement is true:
Eligibility: Nothing about the account changes, even if you switch jobs
Pension
401(k)
Traditional IRA
Roth IRA
None
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Choose the type(s) of retirement account for which the statement is true:
Eligibility: Eligibility depends on how long you work with a given company
Pension
401(k)
Traditional IRA
Roth IRA
None
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Choose the type(s) of retirement account for which the statement is true:
Eligibility: ALL employers offer this type of account
Pension
401(k)
Traditional IRA
Roth IRA
None
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Choose the type(s) of retirement account for which the statement is true:
Taxes: The money you put into this retirement account has already had taxes taken out of it
Pension
401(k)
Traditional IRA
Roth IRA
None
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Choose the type(s) of retirement account for which the statement is true:
Taxes: You pay taxes when you eventually take the money out
Pension
401(k)
Traditional IRA
Roth IRA
None
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Choose the type(s) of retirement account for which the statement is true:
Contributions: Your company may contribute funds toward your retirement
Pension
401(k)
Traditional IRA
Roth IRA
None
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Choose the type(s) of retirement account for which the statement is true:
Contributions: Any contributions you make come directly from your paycheck
Pension
401(k)
Traditional IRA
Roth IRA
None
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