
Investing in Your 20s: Key Financial Strategies

Interactive Video
•
Business
•
9th - 12th Grade
•
Hard
Nancy Jackson
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to start investing early in your 20s?
To avoid working full-time
To take advantage of compound interest
To spend more on luxury items
To avoid paying taxes
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of an emergency fund?
To invest in stocks
To buy luxury items
To pay off student loans
To cover unexpected expenses
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why should high-interest debt be prioritized for repayment?
It increases your credit score
It allows you to invest more
It is tax-deductible
It saves money on interest payments
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key benefit of contributing to a 401k?
Immediate access to funds
Employer matching contributions
Unlimited contributions
No tax benefits
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is eligible for a Health Savings Account (HSA)?
Anyone with a low deductible health plan
Only retirees
Individuals with a high deductible health plan
Anyone with a high income
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major advantage of a Roth IRA?
Immediate withdrawal without penalty
Unlimited contributions
Earnings grow tax-free
Contributions are tax-deductible
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a taxable brokerage account primarily used for?
Investing in index funds and ETFs
Paying off credit card debt
Saving for a vacation
Avoiding taxes
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