Retirement Account Basics

Essential Activity 5
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20 MIN(S)

Have students read the article, focusing on defined-benefit and defined-contribution plans, employer-sponsored retirement accounts, and traditional versus Roth tax treatment. Discuss the distinction between an account and the investments held within it. Do not require students to memorize historical contribution limits; those amounts change over time.

Resources

Retirement Account Basics: Why You’re Never Too Young to Start Thinking About Retirement