Although it's nice to think about the money coming in from your paycheck, it's also a good idea to consider where some of it can go. If your company offers a plan, and you've thought about saving for retirement, see how much you know about 401(k) accounts with this quiz.

### At what age can you begin withdrawing money from a 401(k) account?

- 55 years old
- 59 years old
- 59 and a half years old

### Which of the following is NOT an advantage of a 401(k) plan?

- Your contributions are deducted from your paycheck before taxes.
- Withdrawals made before you reach six months past age 59 are taxed as income.
- 401(k) plans are protected from creditors.

### What is the federal 401(k) contribution limit per year if you're under age 50?

- $15,000 per year
- $17,500 per year
- $19,000 per year

### How many employees participate in a 401(k) plan in the U.S.?

- 38 million
- 65 million
- 88 million

### What percentage of your salary should you put into a 401(k) plan throughout your career?

- 6 percent
- 10-15 percent
- 18 percent

### On average, how much will companies match on a 401(k)

- 20 cents for every dollar
- 35 cents for every dollar
- 50 cents for every dollar

### What's a good way to determine how much of your portfolio should include stock investment?

- subtract your age from 100
- subtract your age from 110
- pick a random number

### What happens to your 401(k) if you switch jobs?

- Your former employer cuts you a check for what you've saved so far.
- There's a six month period where you can't contribute.
- It disappears completely.

### Which type of investment is considered riskiest?

- corportate bonds
- treasury bills
- stocks

### What does IRA stand for?

- Incremental Rate Adjustment
- Individual Retirement Account
- Independent Retirement Account