investing

Investing Basics: Chapter 5 quiz

If you think you've mastered the material in this chapter, take our quiz. After you click the ''submit'' button, the answers will appear below.

  1. Which of the following is a reason to open a traditional IRA instead of a Roth IRA?

    There really is no good reason.
    You may withdraw your contributions at almost any time without a penalty.
    If you do not have an employer-sponsored plan, your contributions may be tax-deductible.


  2. True or false: A college savings account could actually be counter-productive for a low-income family.

    True.
    False


  3. True or false: As you near retirement, your portfolio should gradually move to more aggressive investments in order to get as much money as possible.

    True.
    False.


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