What is better compound interest or simple interest? *

Compound

Simple

Tax refunds are good *

Yes

No

If you lose 50% of your investment, how much of a return do you need to make up for the lost? *

50%

25%

100%

75%

When you retire and you have a 401k do you pay taxes when you liquidate your account? *

Yes

No

What type of account is tax exempt? *

IRA

401k

Roth IRA

Stocks/Bonds

What are the biggest things to consider when saving for retirement. *

rate/risk

rate/taxes

taxes/risk

Who is financial planning for? *

People with money

Everyone

People who are close to retirement

When do we begin to become wealthy?​ *

after we work 40 hours a week and 30 years

The moment we decide it’s more important to save than it is to spend and we take action on our decision.​

Spend and buy as many thing as I can and sell them

When should you contribute more than the required amount to your 401k? *

When other people at the company are doing it?

Only when its the only way to reduce pretax income.

When we are in a bull market.

When we are in a bear market.

What is the determing factor if I should participate in my company 401k plan? *

If they have good investment advisors.

If they offer a match

If I have access to free withdraws

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