Having a tax-deferred retirement plan means you _____ taxes until you withdraw money later on
What is Postpone
100
When you take money out of a traditional IRA, your withdrawal is considered _____ so you'll owe income tax on the earnings at your current rate
What is Regular Income
100
Your minimum required distribution is calculated based on your ___ and your annual IRA account balance
What is Age
100
The amount of time you have to work for an employer to be entitled to benefits from a retirement plan
What is Vesting
100
If you're 50 or older, you can make catch-up contributions to an employer's retirement account of up to _____
What is $5,500
200
A type of retirement account where you owe no tax on your investment earnings at all, provided yoiu follw the rules for withdrawing
What is Tax-free
200
Withdrawals from a Roth IRA are tax-free if your account has been open for at least five years and you are at least ____ years old
What is 59 1/2
200
There is ___ penalty for IRA rollovers
What is No
200
If your employer cashes out your IRA, you will pay ___ percent tax
What is 20
200
If you have a SEP, Simplified Employee Pension, your makes the ____ contribution - up to 25 percent of your salary
What is Entire
300
All IRA contributions for a calendar year must be made in full by the time you file your _______
What is Tax Return
300
With a Roth IRA you're not required to _____ your money at any age
What is Withdraw
300
If you convert a traditional IRA to a Roth IRA, all contributions and earnings are added to your ____ and taxed at your regular income tax rate
What is Gross Income
300
In a ___ plan, employers do not match contributions
What is 457
300
Primary issuers of annuities
What is Insurance Companies
400
Single taxpayers and couples who are not eligible to participate in employer plans can ____ the full amount of their traditional IRA contributions no matter how much they earn
What is Deduct
400
The penalty for IRA early withdrawal is ___ percent of the amount you withdraw
What is 10
400
One drawback to tax-deferred annuities is that the ____ for these products may be higher than those for an IRA invested in mutual funds
What is Annual Fees
400
In 2014 the maximum contribution in a traditional 401k was _____
What is $17,500
400
An annuity where the rate of return and the amount of payments received vary depending on the performance of the investment options selected
What is Variable Annuity
500
Earnings on investments in a traditional IRA are ______ for as long as they stay in your account
What is Tax-deferred
500
You can make up to $10,000 in earnings from your Roth IRA tax-free to buy a first _____
What is Home
500
Contributing to a traditional employer-sponsored retirement plan reduces your _____ salary, and therefore the income tax you owe
What is Taxable
500
If you inherit an IRA, you must take required minimum ____ distributions over your lifetime
What is Distributions
500
An annuity that earns interest linked to a stock index, such as S&P 500