Chapter 7 - Section 2

Social Security payment to people who are currently retired are funded by ______________ contributions
Long-term
Vested
Present
403 plan
Collectibles
Your teachers may be investing in a(n) _______________ for their retirement.
403 plan
Long-term
Collectibles
Present
Vested
Real estate usually requires a _________________ investment to realize either steady income or a large reture.
Long-term
Collectibles
Present
Vested
403 plan
Rare rock concert posted and comic books fall into the investment category called ___________.
Present
Long-term
Vested
Collectibles
403 plan
A personal retirement plan that allows earnings to be withdrawn tax-free at retirement age, when most people earn less income and so are taxed at a lower rate.
SEP-IRA
IRA
Profit-sharing plan
Roth IRA
A personal retirement plan in which you must pay taxes on your contributions each year when you file your tax return.
IRA
SEP-IRA
Roth IRA
A personal plan often used by the self-employed, in which contributions are tax deductible
SEP IRA
IRA
401K Plan
A retirement plan that encourages employees to work harder for the company to increase their individual retirement benefits
Profit-sharing plan
403b
A retirement benefit provided by many companies, usually based on an employees annual salary
Pension
IRA
Stock bonus plan
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