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Weekly Quiz 8
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Question 1 of 1
1. Question
Drag the correct word or phrase to the right-hand column next to its definition.
Sort elements
- 401(k)
- Compound interest
- Employee contribution
- Employer match
- Individual Retirement Account
- Pension
- Social Security
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Employer-sponsored retirement savings accounts that offer tax benefits (meaning that you pay less in taxes by saving your money in them)
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Interest that is calculated and paid on both the initial principal and the accumulated interest
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Money contributed by an employee to an employer-sponsored retirement plan such as a 401(k) or a pension
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Money an employer contributes to an employee’s retirement savings plan when the employee also contributes
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Tax-advantaged retirement savings accounts that are established by individuals rather than employers
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Employer-sponsored retirement plans that guarantee a certain monthly benefit for life
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A long-standing federal insurance program to provide benefits to older adults, their survivors, and workers who become disabled
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