Retirement Accounts CFM

Which of the following is unavailable to a public school teacher

A financial advisor can manage most types of Retirement accounts for you

A safe investment issued by the bank which pays you a fixed rate of interest similar to a bond

An employee of Bank of America (a FOR profit company) would have what type of retirement account through the company?

If Mr. P is 38 and a half, he can withdraw retirement money in how many years w/out penalty?

Which account is most likely to have an employer match your contribution amount?

When is Mr. Pittelli's half bday?

Unfortunately, if you get paid in cash at your job, you can't open an IRA

At what age are T- IRA participants required to start taking money out of their account?

What type of retirement plan has no contribution limit?

Which retirement account will allow you to take out money to buy or build your FIRST house?

At what age must you begin taking a required minimum distribution from a Roth IRA?

What is the formula for the “Rule of 72”?

The main advantage of a Roth IRA is

What penalty amount is applied when you withdraw money early from a retirement account?

Enrolling in a retirement account through your employer is a

How much money can be contributed each year to a 401(k) or 403(b) as of 2023?

Over a 30 year period, statistically, you should make what percent on your stock investments

Anyone can open up an IRA as long as they have:

With a 401(k) plan, what is one disadvantage regarding investment decisions?

About what percent do employees pay per month into their pension plan?

Something that reduces the amount of money you have to pay taxes on is known as:

At what age can people begin withdrawing money from most retirement accounts with no penalty?

Who Invented the “Rule of 72”

A minister (working for a non-profit) would most likely have what type of retirement plan through their job?

An Annuity could possibly have___________ which you should research first

If you are single and make more than __________ per year you may NOT contribute to a Roth IRA.

Which retirement plan will offer the employee a guaranteed amount of money upon retirement?

What does the “Rule of 72” help you determine?

___________ interest only pays you interest on the original principal.

What type of jobs generally offer a defined benefit pension plans?

What are the initials of the company that insures some retirement accounts?

What is the main benefit of a matching 401(k)

What is the main difference between an IRA and a Roth IRA regarding withdrawals?

401(k) and 403(b) accounts have a lot in common

Which of the following account are designed to specially help save money for higher education

A retirement account sold through a financial advisor but is a contract w/an insurance company?

The time value of money states that in the future

What is one advantage a Traditional IRA has over a Roth IRA regarding contributions?

If you get paid in cash (off the books) how can you use this money to open an IRA?

Your teacher thinks contributing to a Roth IRA or T-IRA at your age is a very bad idea.

In what type of accounts are you permitted to contribute a maximum $6,500

If you accidentally contribute more than $6,500 to an IRA you get charged what % as a penalty?

Which is correct about compound interest?

What type of retirement plan is offered ONLY to employees of non-profit organizations?