
Retirement Plans Quiz
Interactive Video
•
Business
•
9th - 12th Grade
•
Hard
Jennifer Brown
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary benefit of a traditional 401K?
Tax-free withdrawals
Immediate access to funds
Lower taxable income
Unlimited contributions
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
At what age can you withdraw from a 401K without penalty?
55
59 and a half
62
65
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key difference between a traditional IRA and a 401K?
IRA has higher contribution limits
IRA does not require an employer
IRA offers tax-free growth
IRA requires an employer
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the contribution limit for a traditional IRA in 2023 for those under 50?
$5,500
$6,500
$7,500
$8,500
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How are Roth accounts funded?
With tax-free dollars
With employer contributions
With after-tax dollars
With pre-tax dollars
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major advantage of a Roth 401K?
No income limits
Employer matching
Higher contribution limits
Tax-free growth and withdrawals
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the SEP IRA primarily designed for?
Employees of large corporations
Self-employed individuals
Government employees
Non-profit workers
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple

Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
Similar Resources on Wayground
11 questions
Understanding Investment Accounts and Funds
Interactive video
•
9th - 12th Grade
8 questions
Understanding Personal Finance Concepts
Interactive video
•
9th - 12th Grade
11 questions
Understanding 401(k) and Traditional IRA
Interactive video
•
10th - 12th Grade
11 questions
Navigating Retirement Accounts: 401(k)s and IRAs
Interactive video
•
9th - 12th Grade
11 questions
Investment Strategies and Gender Differences
Interactive video
•
10th - 12th Grade
11 questions
Middle Class Habits Quiz
Interactive video
•
9th - 12th Grade
11 questions
Personal Finance Quiz
Interactive video
•
9th - 10th Grade
11 questions
Investment Strategies and Retirement Planning
Interactive video
•
9th - 12th Grade
Popular Resources on Wayground
20 questions
Brand Labels
Quiz
•
5th - 12th Grade
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
20 questions
ELA Advisory Review
Quiz
•
7th Grade
15 questions
Subtracting Integers
Quiz
•
7th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
10 questions
Multiplication and Division Unknowns
Quiz
•
3rd Grade
10 questions
Exploring Digital Citizenship Essentials
Interactive video
•
6th - 10th Grade