2. $200 $300 $400 Final Jeopardy $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 RetirementMore Retirement Random Questions Baby StepsCollege saving

3. $1000 in an emergency fund. C1 $100

4. What is Baby Step 1? C1? $100

5. C1 $200 3 to 6 months expenses in savings.

6. C1 $200 What is Baby Step 3

7. College funding C1 $300

8. What is baby step 5? C1 $300

9. Invest 15% of your household income into Roth IRAs and pre-tax retirement plans. C1 $400

10. What is baby step 4?

11. The max amount of money a married couple can earn and still be eligible to contribute into a Roth IRA The final Jeopardy answer is: C1 final

12. What is $150,000?

13. C2 $100 Only 1% of people will use this to save for college.

14. C2 $100 What is UTMA or UGMA plan? (aka Uniform Transfer/Gift to minor act.)

15. C2 $200 This is nicknamed an Education IRA.

16. C2 $200 What is an ESA or Educational Savings Account?

17. C2 $300 Dave recommends this plan only if you can keep control of it.

18. C2 $300 What is a 529?

19. C2 $400 The 3 “nevers” of college savings.

20. C2 $400 2-4qWhat are using insurance, savings bonds and pre-paid tuition?

21. C2 $500 The #1 way to avoid student loan debt if you do not have a college fund.

22. C2 $500 What is GET A JOB?

23. C3 $100 This is the % of your household income you should put into Roth IRAs and pre-tax retirement plans

24. C3 $100 What is 15%?

25. C3 $200 The maximum annual contribution for income earners in an IRA.

26. C3 $200 What is $5000?

27. C3 $300 This grows tax-free.

28. C3 $300 What is a Roth IRA?

29. C3 $400 The age you can make tax-free, penalty-free withdrawals for 100%

30. C3 $400 What is 59 1/2?

31. C3 $500 The retirement plan most companies use.

32. C3 $500 What is a 401(k)?

33. C4 $100 SEPP

34. C4 $100 What is a Simplified Employee Pension Plan?

35. C4 $200 IRA

36. C4 $200 What is Individual Retirement Arrangement?

37. C4 $300 This is found in non-profit organizations such as churches, hospitals and schools.

38. C4 $300 What is 403(b)?

39. C4 $400 Use this to move your money from a 401(k) to an IRA.

40. C4 $400 What is a direct transfer?

41. C4 $500 A deferred compensation plan.

42. C4 $500 What is a 457?

43. C5 $100 Movement of tax- deferred retirement money from one plan to another.

44. C5 $100 What is Rollover?

45. C5 $200 Use this after you max out the ESA.

46. C5 $200 What is an UTMA?

47. C5 $300 The manager of a child’s UTMA account until he or she reaches age 21.

48. C5 $300 What is the Custodian?

49. C5 $400 Do not rely on this for your retirement.

50. C5 $400 What is Social Security?

51. C5 $500 This is a benefit of a Roth IRA.

52. C5 $500 What is it Grows Tax Free and is Flexible?

53. (Info used from Dave Ramsey’s Financial Peace) This Jeopardy game was created by (Mrs. Parcel)