Unit 11 Social Security, Types of Retirement Plans, and Stock Market Basics 2022

Only employees of non-profit organizations are able to participate in tax-sheltered annunities (TSAs) or ____

A general rule of thumb is that each year, retirees will need about ___ of what they were earning prior to retirement.

The independent federal agency that administers and enforces federal laws on securities (stocks and bonds) is the _____

For anyone born in 1960 or later, the full retirement age when they can collect Social Security benefits is ____

Retirees willl receive Social Security payments that are calculated based on the amount of money earned during the ___.

The first step in creating an investment portfolio is to determine _____

This stock market completes all transactions electronically.

Monitoring your investment portfolio is important because _____

The profit payment made to an investor from a corporation is a _______

The annual maximum contribution to an IRA for a worker under age 50 is _____

Money collected now for Social Security taxes will be used to provide income for ____

The collection of all the different types of investments that belong to an individual is a ______

Employer-sponsored retirement plans requiring a minimum length of time of service to participate are ____

To be eligible for a Public Pension Plan, a worker must work for _______

It is possible to delay reception of Social Security benefits until the age of ___, if they want to max monthly payments

A share of ownership in a company is known as ______

A(n) _____ is an account that could include stocks bonds, mutual funds, and other assets that are used for retirement

If an investor might be in a high tax bracket at retirement than during earning years, they should choose a _____ IRA.

_______ is the national health insurance program for people over the age of 65

What does Medicare Part A cover?

All of these contribute to an individual's level of risk tolerance EXCEPT_____

Looking for an IRA where contributions are tax-deductible, select the _____IRA.

An individual can begin collecting Social Security benefits at age 62, however, _____

Traditional IRAs require minimum withdrawals beginning at age _____

What conditions must be true to earn wages without penalty while also collecting monthly Social Security earnings?