This common retirement account lets you invest pre-tax dollars through your employer, often with a company match.
What is a 401k?
In this individual retirement account, you pay taxes up front but withdrawals in retirement are tax-free.
What is a Roth IRA?
This type of life insurance covers you for only a fixed period of time.
What is term life insurance?
This type of account is funded with pre-tax dollars, grows tax-deferred, and withdrawals are taxed as income in retirement.
What is a Traditional IRA?
This account should have highly liquid assets and used for unexpected events.
What is an Emergency Fund?
A type of interest that grows not only on the principal but also on all accumulated interest over time.
What is compound interest?
These employer-sponsored plans are similar to 401(k)s but are offered by governments and nonprofits.
What are 403(b) and 457 plans?
This type of loan has no interest if paid back after a month. If you're stupid enough not to pay it back in a month, you pay compound interest compounded monthly.
What is a credit card loan?
True or False: Social Security benefits alone are enough to cover most retirement expenses.
What is FALSE?
True or False: Roth IRAs have income limits for eligibility.
What is the True?