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Money Matters Chapter 3 Semester Review

Author:
Description:
Keywords: , , , , , , online teaching

Content:
Definitions:
0. Used after you max out your ESA
1. Never save for college using
2. SEPP
3. 401k
4. Baby Step 4
5. Pension Plan
6. Roth IRA
7. Baby Step 5
8. Manager of child%27s account until they reach 18
9. Direct Transfer
10. $5000
11. Qualified Plan
12. Rule of 72
13. The age when you can withdraw money from your Roth IRA
14. $10,000
15. ESA

Answers:
0. What you should do with your 401k if you leave the company
1. Retirement plan offered by most companies today.
2. Custodian
3. used for college savings
4. Contribution limit for a Roth IRA
5. 15%25 of your income to a retirement plan
6. Means that it has special tax treatment
7. Retirement plan for self employed people
8. A retirement plan that is 100%25 funded by the company
9. Prepaid tuition, insurance, or savings bonds
10. UTMA
11. Investment grows tax free
12. Way to calculate length of time to double an investment
13. Contribution limit for a married couple for a Roth IRA
14. 59 1/2 years old
15. College Funding
.