Comments on: Can You Help Me Come Up With Some Retirement Trivia Questions? http://genxfinance.com/2007/10/23/can-you-help-me-come-up-with-some-retirement-trivia-questions/ Helping a unique generation achieve financial independence. Sat, 21 Nov 2009 07:46:58 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: The Retirement Trivia Questions Were a Hit : Generation X Finance http://genxfinance.com/2007/10/23/can-you-help-me-come-up-with-some-retirement-trivia-questions/#comment-32787 The Retirement Trivia Questions Were a Hit : Generation X Finance Mon, 29 Oct 2007 16:33:03 +0000 http://genxfinance.com/2007/10/23/can-you-help-me-come-up-with-some-retirement-trivia-questions/#comment-32787 [...] to subscribe to my RSS feed or sign up for free email updates. Thanks for visiting! Last week I asked for help in coming up with some trivia questions that dealt with retirement, and I wanted to thank everyone [...] [...] to subscribe to my RSS feed or sign up for free email updates. Thanks for visiting! Last week I asked for help in coming up with some trivia questions that dealt with retirement, and I wanted to thank everyone [...]

]]> By: Roundup for week of 21 October 2007: Early Morning edition at Mighty Bargain Hunter http://genxfinance.com/2007/10/23/can-you-help-me-come-up-with-some-retirement-trivia-questions/#comment-32731 Roundup for week of 21 October 2007: Early Morning edition at Mighty Bargain Hunter Mon, 29 Oct 2007 08:28:30 +0000 http://genxfinance.com/2007/10/23/can-you-help-me-come-up-with-some-retirement-trivia-questions/#comment-32731 [...] Generation X Finance wants to compile some retirement trivia questions. [...] [...] Generation X Finance wants to compile some retirement trivia questions. [...]

]]> By: » Weekly Roundup: Penny Wise, Pound Foolish Edition on Blueprint for Financial Prosperity http://genxfinance.com/2007/10/23/can-you-help-me-come-up-with-some-retirement-trivia-questions/#comment-32674 » Weekly Roundup: Penny Wise, Pound Foolish Edition on Blueprint for Financial Prosperity Mon, 29 Oct 2007 02:26:37 +0000 http://genxfinance.com/2007/10/23/can-you-help-me-come-up-with-some-retirement-trivia-questions/#comment-32674 [...] GenX needs help coming up with some retirement trivia questions. [...] [...] GenX needs help coming up with some retirement trivia questions. [...]

]]> By: Personal Finance Review - Count Your Blessings Edition » Money Smart Life http://genxfinance.com/2007/10/23/can-you-help-me-come-up-with-some-retirement-trivia-questions/#comment-32567 Personal Finance Review - Count Your Blessings Edition » Money Smart Life Sun, 28 Oct 2007 17:40:12 +0000 http://genxfinance.com/2007/10/23/can-you-help-me-come-up-with-some-retirement-trivia-questions/#comment-32567 [...] X Finance is looking for some retirement trivia questions, Lazy Man tells about his experiences being on a TV show set, and The Sun wonders if the do not [...] [...] X Finance is looking for some retirement trivia questions, Lazy Man tells about his experiences being on a TV show set, and The Sun wonders if the do not [...]

]]> By: David Wilson http://genxfinance.com/2007/10/23/can-you-help-me-come-up-with-some-retirement-trivia-questions/#comment-31647 David Wilson Wed, 24 Oct 2007 15:13:14 +0000 http://genxfinance.com/2007/10/23/can-you-help-me-come-up-with-some-retirement-trivia-questions/#comment-31647 You put $3,200 in your 401(k) plan and your employer contributes another $1,600. If at the end of the year your account has grown to $5500 in value. How much did you make? a). 14.6% b). 72% c). 51% The answer is B. While your account value has grown to $5,500 you actually only contributed $3,200. So your actual return is $5,500-$3,200/$3,200 to your account or 72%. You put $3,200 in your 401(k) plan and your employer contributes another $1,600. If at the end of the year your account has grown to $5500 in value. How much did you make?
a). 14.6%
b). 72%
c). 51%
The answer is B. While your account value has grown to $5,500 you actually only contributed $3,200. So your actual return is $5,500-$3,200/$3,200 to your account or 72%.

]]> By: Steve Austin http://genxfinance.com/2007/10/23/can-you-help-me-come-up-with-some-retirement-trivia-questions/#comment-31631 Steve Austin Wed, 24 Oct 2007 14:26:01 +0000 http://genxfinance.com/2007/10/23/can-you-help-me-come-up-with-some-retirement-trivia-questions/#comment-31631 Reboboth, that's good stuff. I didn't know that, and I have a follow-on question.... Q: May an employer give an employee a higher match (up to the $45,000 contrib+match ceiling) in lieu of taxable salary? A: [I don't know but I'll bet the IRS is listening.] Reboboth, that’s good stuff. I didn’t know that, and I have a follow-on question….
Q: May an employer give an employee a higher match (up to the $45,000 contrib+match ceiling) in lieu of taxable salary?
A: [I don't know but I'll bet the IRS is listening.]

]]> By: Reboboth Beach Realtor http://genxfinance.com/2007/10/23/can-you-help-me-come-up-with-some-retirement-trivia-questions/#comment-31568 Reboboth Beach Realtor Wed, 24 Oct 2007 06:43:34 +0000 http://genxfinance.com/2007/10/23/can-you-help-me-come-up-with-some-retirement-trivia-questions/#comment-31568 Meg hit my question with the max contribution to a 401K, but here's another good one... Q: Do Employer 401k Contributions Count Toward the maximum contribution? A: no, Total match has to be under $45,000 and how you get to that number doesn't matter. Company contributions can be up to 25% percent of your salary, $15,500 personal contribution and any combination of the two can be used to achieve the $45,000. Meg hit my question with the max contribution to a 401K, but here’s another good one…

Q: Do Employer 401k Contributions Count Toward the maximum contribution?
A: no, Total match has to be under $45,000 and how you get to that number doesn’t matter. Company contributions can be up to 25% percent of your salary, $15,500 personal contribution and any combination of the two can be used to achieve the $45,000.

]]> By: Evan http://genxfinance.com/2007/10/23/can-you-help-me-come-up-with-some-retirement-trivia-questions/#comment-31452 Evan Tue, 23 Oct 2007 21:08:32 +0000 http://genxfinance.com/2007/10/23/can-you-help-me-come-up-with-some-retirement-trivia-questions/#comment-31452 Questions that show how little they have to put into the plan depending on their age due to the wonders of compounding Questions that show how little they have to put into the plan depending on their age due to the wonders of compounding

]]> By: Jeremy http://genxfinance.com/2007/10/23/can-you-help-me-come-up-with-some-retirement-trivia-questions/#comment-31447 Jeremy Tue, 23 Oct 2007 21:00:13 +0000 http://genxfinance.com/2007/10/23/can-you-help-me-come-up-with-some-retirement-trivia-questions/#comment-31447 Thanks for the help everyone. I'm wrapping up and printing the trivia cards now. These should be fantastic. Thanks for the help everyone. I’m wrapping up and printing the trivia cards now. These should be fantastic.

]]> By: Jon http://genxfinance.com/2007/10/23/can-you-help-me-come-up-with-some-retirement-trivia-questions/#comment-31423 Jon Tue, 23 Oct 2007 18:26:47 +0000 http://genxfinance.com/2007/10/23/can-you-help-me-come-up-with-some-retirement-trivia-questions/#comment-31423 How about stuff like.. How long must you wait for your company's matching contributions to fully vest? What is the primary difference between a normal 401(k) and a Roth 401(k)? What is the penalty for withdrawing retirement funds early? How can the penalty be avoided? How about stuff like..

How long must you wait for your company’s matching contributions to fully vest?

What is the primary difference between a normal 401(k) and a Roth 401(k)?

What is the penalty for withdrawing retirement funds early? How can the penalty be avoided?

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