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:

Test Preparation Skills

Abilities and strategies employed to enhance the effectiveness of studying and increase the potential for success in exams.

Note Taking Skills

Techniques and strategies for recording information from lectures, readings, or other sources, aimed at enhancing understanding and retention.

Test Anxiety

The nervousness or fear often experienced before or during test situations, which can affect performance.

Memory Techniques

Strategies or methods employed to enhance one's ability to remember information, such as mnemonic devices or the method of loci.