Retirement Quiz

Question 1: What is the maximum 401k contribution allowed by the IRS in 2009 for employees over 50 years old?

Question 2: What is the maximum social security benefit for a worker retiring at full retirement age in 2009?

Question 3: What is the amount of earnings needed for one social security credit in 2009?

Question 4: A defined-benefit plan is an employer-sponsored retirement plan where employee benefits are sorted out based on a formula using factors such as:

Question 5: Supplemental Security Income (SSI) is a Federal income supplement program funded by general tax revenues (not Social Security taxes) and: It is designed to help aged, blind, and disabled people, who have little or no income it provides cash to meet basic needs for food, clothing, and shelter.

Question 6: Roth 401k Contributions you make must remain in the plan for minimum of 'x' years in order for the lump-sum earnings to be tax-free at the time of withdrawal, where x is:

Question 7: A small business 401k is also known by this name:

Question 8: IRA's have required withdrawals that must begin at:

Question 9: Roth IRAs are characterized by:

Question 10: A Rollover IRA is available for individuals:

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