Money Quiz

[helosailor]

90%-42

Missed #6

[Slowhand]

100%, age 21.

[quikag]

100%, 34

Only question that confused me a little bit is:

To ensure that some of your retirement savings will not be subject to income tax upon withdrawal, you would contribute to:

Reason being, with a traditional IRA, non-deductible contributions are not taxable when withdrawn as they have already been taxed. But, I picked Roth IRA as it was a safer bet which was the right answer.

[slow99]

100% - 35

Now who has posted is invested in anything? HAHA

Uhhhhhh

[GhostTX]

Yea, this is an old 401k. I haven't had time to research what it will take to do it.

Just depends on the amount in it. I haven't checked into the process in a while, but when I did it, you could spread the "penalty" amount over a few years of income taxes.

Several routes to take...you can also roll the "old" 401k into your new 401k. Ah...to have options. There's plenty of "experts" here that can give you their take as well.

[War Machine]

40% 31

I guess I know why Im poor

[Nash B.]

26 and 100%, but I took some educated guesses on a few. My only investment is my 401k. :/

[downshift_me]

22 and 90%

[Wicked98Snake]

70% 32

[Silverback]

90% - 29!

[reytx1]

Quiz Completed

Compare your score to the average for people in your age group in a recent nationwide survey:

Age:
25-29: 53%
30-34: 61%
35-39: 63%
40-44: 64%
45-49: 64%
50-54: 62%
55-59: 61%
60-64: 61%
65-69: 57%
70-74: 50%
75-79: 41%
80-84: 33%
85-89: 27%
90+: 13%

You scored 80%! -age 19 (I missed #6 & #8)

[psdtech]

90% 33 missed #6

[Moose242]

70% - 23 years old. I suck with money.

[GrayStangGT]

You scored 100%!
Age 26


The only one I even thought twice about was the last one, and it actually pertained specifically to me lol.(single no kids)

If you can't answer those questions maybe you should let the gov't take care of you.

[kingjason]

90 percent 40