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Money Matters Chapter 3 Semester Review

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

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

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