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

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