-Which of the following is a difference between traditional IRAs and Roth IRAs?

Age at which you can begin contributing to an account

Amount you can contribute

Penalty for early withdrawal of earnings

Deductibility of contributions

- Its important to begin planning for your childrens education when they are very young, because

theres more time to compound returns.

your funding goal will be smaller at that time.

you pay less taxes when spreading out the deduction under the annual limit.

inflation is less of a factor.

- If you believe that we have the lowest income tax rates in modern history and believe that taxes can only go significantly higher because of the national debt, then which retirement plan alternative is best?

Regular investment account

Roth IRA

Annuity

Traditional IRA

- Which of the following strategies for retirement spending will require the largest amount of accumulated wealth at retirement?

Spend a fixed amount every year based on 4 percent of the value of your assets at retirement.

Spend the calculated annuity payment based on your assets, 4 percent APY, and the life expectancy at retirement.

Spend 4 percent of the value of your assets each year.

Spend the interest earned on your assets without depleting the principal.