If You Start Saving for Retirement Only in Your Later

question 74

Multiple Choice

If you start saving for retirement only in your later years and your income growth from that point is rapid, then ________.

• A) a traditional retirement plan is probably a better choice than a Roth retirement plan
• B) a Roth retirement plan is probably a better choice than a traditional retirement plan
• C) a SEP is probably a better choice than Medicare
• D) a 401k is probably a better choice than a 403b

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Definitions:

Employment Discrimination

The unfair treatment of employees based on race, gender, religion, age, disability, or sexual orientation rather than job performance.

Profit Motive

The intention or incentive to achieve financial gain in business or commerce, often seen as the primary driving force behind economic activities.

Productive Female

An individual female who contributes significantly to productivity, often in the context of work or reproduction.

Earnings Differentials

The variations in pay that result from differences in occupation, education, experience, gender, or other factors among workers.