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

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