In what life stage should you start an IRA?
A) Dependent life stage
B) Independent life stage
C) Early family life stage
D) Empty nest life stage
What are 529 plans?
A) Qualified tuition plans
B) Prepaid tuition plans
C) College savings plans
D) Both prepaid tuition plans and college savings plans
Which of the following does a person not normally have in his or her dependent life stage?
A) 529 college savings plans
B) Savings account
C) Checking account
D) Certificates of deposit
Which of the following are reasons for putting money into a CD (certificate of deposit)?
A) To earn a higher rate of interest on your savings than would typically be earned if savings were placed in one's checking account or standard savings account
B) To establish a solid savings foundation if you are not going to use the money for a longer period of time
C) To have a safe place to store savings while still being able to make frequent withdrawals from the account penalty-free
D) Both to earn more interest and to put money you don't plan to use in the short-term to work