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.

  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.