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Money Matters Chapter 3 Semester Review

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

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

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