Answered

Drag each tile to the correct box.

Match each savings plan to its description.

- 401(k)
- Roth IRA
- 403(b)
- 529 plan
- health FSA

Descriptions:
1. a tax-deferred retirement savings plan available to employees of some nonprofit organizations and educational institutions
2. a tax-advantaged college savings plan
3. an employer-offered retirement account that accepts contributions from employees and employers
4. a tax-advantaged savings account available through employers to pay for qualified medical expenses
5. a retirement investment account managed by individuals; deposits are taxable, but funds are tax exempt when withdrawn at retirement



Answer :

GinnyAnswer

Final answer:

401(k) is a tax-deferred retirement plan, 403(b) is an employer-offered retirement account, and Roth IRA is a retirement investment account.


Explanation:

401(k): A tax-deferred retirement savings plan available to employees and some nonprofit organizations.

403(b): An employer-offered retirement account that allows contributions from employees & employers.

Roth IRA: A retirement investment account managed by individuals; deposits are taxable, but funds are tax exempt when withdrawn at retirement.


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