Section 1 - Instruction

You've now learned about 401(k)s with employer matching and both types of IRAs. Let's practice applying these concepts to real situations.

Engagement Message

Which retirement account concept feels most important to master first?

Section 2 - Practice

Type

Multiple Choice

Practice Question

Jessica just started her first job at $45,000/year. Her company offers a 401(k) with 50% match up to 4% of salary. What should be her FIRST priority?

A. Maximize her IRA contributions to $7,000 B. Contribute 4% to get the full employer match C. Split contributions equally between 401(k) and IRA D. Wait until she earns more money

Suggested Answers

  • A
  • B - Correct
  • C
  • D
Section 3 - Practice

Type

Fill In The Blanks

Markdown With Blanks

Let's calculate retirement account contributions. Mike earns $75,000 and contributes 6% to his 401(k). His employer matches 50% up to 6%. He also maxes out a Roth IRA.

Mike's Total Retirement Savings:

  • 401(k) contribution: [[blank:$4,500]]
  • Employer match: [[blank:$2,250]]
  • Roth IRA contribution: [[blank:$7,000]]
  • Total annual retirement savings: [[blank:$13,750]]

Suggested Answers

  • $4,500
  • $2,250
  • $7,000
  • $13,750
  • $6,750
Section 4 - Practice

Type

Swipe Left or Right

Practice Question

Help people choose between Traditional vs Roth accounts based on their situations. Swipe each scenario toward the better choice:

Labels

  • Left Label: Traditional Better
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