Even most Americans with $10,000 to invest couldn’t answer these 3 money questions

There’s a lot of confusion about how retirement savings accounts work, even among those who are more well-prepared for retirement. That’s what TD Ameritrade concluded after a 2019 survey that The Harris Poll conducted for them asked U.S. adults with at least $10,000 in investable assets to answer questions about 401(k) plans and individual retirement accounts (IRAs). These three questions were particularly tricky and stumped at least half of all respondents:1. What’s the contribution limit for e


There’s a lot of confusion about how retirement savings accounts work, even among those who are more well-prepared for retirement. That’s what TD Ameritrade concluded after a 2019 survey that The Harris Poll conducted for them asked U.S. adults with at least $10,000 in investable assets to answer questions about 401(k) plans and individual retirement accounts (IRAs). These three questions were particularly tricky and stumped at least half of all respondents:1. What’s the contribution limit for e
Even most Americans with $10,000 to invest couldn’t answer these 3 money questions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-22  Authors: kathleen elkins, nbc, getty images
Keywords: news, cnbc, companies, answer, retirement, 10000, whats, wellprepared, tricky, 2019, 401k, americans, invest, accounts, work, money, couldnt, questions


Even most Americans with $10,000 to invest couldn't answer these 3 money questions

There’s a lot of confusion about how retirement savings accounts work, even among those who are more well-prepared for retirement.

That’s what TD Ameritrade concluded after a 2019 survey that The Harris Poll conducted for them asked U.S. adults with at least $10,000 in investable assets to answer questions about 401(k) plans and individual retirement accounts (IRAs).

These three questions were particularly tricky and stumped at least half of all respondents:

1. What’s the contribution limit for employees who participate in a 401(k) in 2019 (excluding catch-up contributions)?

Just 19 percent of respondents selected the correct answer: $19,000.


Company: cnbc, Activity: cnbc, Date: 2019-03-22  Authors: kathleen elkins, nbc, getty images
Keywords: news, cnbc, companies, answer, retirement, 10000, whats, wellprepared, tricky, 2019, 401k, americans, invest, accounts, work, money, couldnt, questions


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