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Personal Finance (Thrivent) Flashcards | StudBud
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Personal Finance (Thrivent)
Personal Finance (Thrivent)
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1
Which account provides tax benefits when saving funds for a child's education?
Checking Account
SEP
529 Plan
403(b)
2
If you get injured and cannot work, this type of insurance would pay a portion of your salary:
Health Insurance
Auto Insurance
Disability Insurance
Life Insurance
3
True or False: Roth IRA can provide tax free income in the future
False
True
4
All of the following are benefits of having permanent life insurance, EXCEPT:
Cash Value Accumulation
Access to the fountain of youth
Maintaining Insurability for the future
Death Benefit (paid to beneficiaries at time of death)
5
When is a traditional IRA taxed?
When money is withdrawn
When money is deposited
Traditional IRAs are not taxed
When investments earn income
6
Which is NOT an advantage of investing in mutual funds?
Portfolio management
Convenience and Easy to Invest
Zero Risk, All Reward
Diversification (risk mitigation)
7
If Santa wanted to easily invest in a
diverse portfolio
, he should consider all of the following choices EXCEPT:
Index Funds
only General Motors stock
Mutual Funds
Exchange Traded Funds
8
This financial company has always been rated as one of Ethisphere's "World's Most Ethical Companies."
Edward Jones
TD Ameritrade
Merrill Lynch
Thrivent
9
What is the only not-for-profit company on the Fortune 500 list?
Habitat for Humanity
Thrivent
Walmart
Goodwill
10
Which of the following would provide guaranteed income for life?
Annuity
Your Christmas Bonus
529 Plan
401k
