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Retirement Investing Flashcards | StudBud
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Retirement Investing
Retirement Investing
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Questions
15
Answers
1
Once you pick a risk level for a Target Risk fund, you cannot change it
True
False
2
How much will you pay in taxes when you withdraw from a 401k/Trad. IRA when you retire, assuming full retirement age?
Less taxes than when you were working
Nothing in income taxes
It depends on your taxable income during retirement
More taxes than when you were working
3
You are in a high tax bracket now and expect to be in a lower tax bracket in retirement. Which account(s) is(are) better
Pension
Traditonal IRA/401k
Roth IRA
Bank Account
4
Which retirement account guarantees you a steady income every month when you retire?
Pension
401k
Traditional IRA
Roth IRA
5
This type of retirement account offers a tax deduction for contributions from your bank account
Pension
Traditional IRA
Roth IRA
401k
6
Pensions fluctuate in the amount you receive based on the market
False
True
7
Which of the following investment portfolios is the "best" one for investors?
The lowest risk, because it is the safest and will protect the investment
The middle risk because it balances risk and return for a balanced approach
It depends on the time horizon and risk tolerance of the investor
The highest risk, because it will provide the highest return
8
Having many types of retirements plans over time can actually be better than only having one
False
True
9
What is the biggest factor in how much you will have in retirement?
The percentage of your income that you contribute to your savings
All of these are major factors in how much you will have in retirement
The level of risk you taking with your investments
The amount of time that you invest for
10
Pensions will cover 100% of your needs in retirement
False
True
11
Which investment allows you to reduce your risk automatically as you get closer to retirment?
Index Mutual Funds
Target Date Funds
Pension
Target Risk Funds
12
You are in a low tax bracket now, and expect to be in a high tax bracket when you retire, which account would be best?
Roth IRA
401k
Traditional IRA
Savings Account
13
Having a 401k or IRA guarantees that you will have enough money to retire and maintain your standard of living
False
True
14
Which investment provides the lowest management cost, passive management that follows a specific group of stocks?
Target Date Fund
Target Risk Fund
Index Mutual Fund
Exchange Traded Fund (ETF)
15
How much will you pay in taxes when you withdraw from a Roth IRA, assuming you reach eligible retirement age?
More in taxes than when you were working
Nothing in income taxes
Less in taxes than when you were working
It depends on your tax bracket when you retire
