Retirement Planning Basics Quiz

What is a quick method to determine your retirement savings goal?

• Consulting a financial advisor

• Using a retirement calculator

• Reading financial books

• Asking friends for advice

Which type of retirement account is typically offered by employers?

• Savings Account

• 401(k)

• Traditional IRA

• Roth IRA

What is a primary benefit of an IRA?

• Employer matching contributions

• Tax-deferred growth of investments

• Immediate tax deductions

• Unlimited investment options

When contributing to a Roth IRA, when do you pay taxes?

• Upon retirement

• Never

• When withdrawing funds

• At the time of contribution

What should you consider when deciding how to manage your retirement investments?

• Your favorite stocks

• Advice from friends

• Your risk tolerance and involvement level

• The latest market trends