Day 15 Retirement Investing
Take Quiz
Work in EverFi Module 9 and be able to answer these questions:
Work in EverFi Module 9 and be able to answer these questions:
- What is a 401(k)?
- How much can you put into a 401(k) each year?
- What are the main benefits of a 401(k)?
- What is an IRA?
- What is the maximum you can put in an IRA each year?
- How is a Roth account different from a conventional retirement account?
- Explain how the rule of 72 works:
- What is compounding
- What is diversification?
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