This is a four part question about Saving for Retirement.

Part 1: IRAs and 401Ks are incredibly valuable because

A. They bring order to the galaxy. B. They only hold gold.

C. They offer tax advantages that allow you more effectively save for retirement.

D. They are "double-taxed."

Part 2: Contributions to traditional IRAs and 401Ks are

A. taxed as Ordinary Income

B. tax deductible.

C. only made in January.

D. mandatory.

Part 3: Which of the following about Roth IRAs and 401Ks is true:

A. Contributions are tax deductible.

B. Withdrawals of Contributions are taxed if withdrawn before retirement.

C. Dividends received in a Roth are taxed.

D. Withdrawals during retirement are not taxed.

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Part 4: One advantage of 401Ks over IRAs is

A. employers typically match at least a portion of an employees contribution

B. 401Ks can be used by individuals whose employers do not offer retirement benefits

C. 401Ks are taxed at a mitch lower rate

D. 401Ks can be invested in virtually anything