drag each tile to the correct box. match each savings plan to its description. 401(k) roth ira 403(b) 529…

drag each tile to the correct box. match each savings plan to its description. 401(k) roth ira 403(b) 529 plan health fsa a tax - deferred retirement savings plan available to employees of some nonprofit organizations and educational institutions a tax - advantaged college savings plan an employer - offered retirement account that accepts contributions from employees and employers a tax - advantaged savings account available through employers to pay for qualified medical expenses a retirement investment account managed by individuals; deposits are taxable, but funds are tax exempt when withdrawn at retirement

drag each tile to the correct box. match each savings plan to its description. 401(k) roth ira 403(b) 529 plan health fsa a tax - deferred retirement savings plan available to employees of some nonprofit organizations and educational institutions a tax - advantaged college savings plan an employer - offered retirement account that accepts contributions from employees and employers a tax - advantaged savings account available through employers to pay for qualified medical expenses a retirement investment account managed by individuals; deposits are taxable, but funds are tax exempt when withdrawn at retirement

Answer

Brief Explanations:

  1. A 403(b) is a tax - deferred retirement savings plan for employees of some non - profit organizations and educational institutions.
  2. A 529 plan is a tax - advantaged college savings plan.
  3. A 401(k) is an employer - offered retirement account that accepts contributions from employees and employers.
  4. A health FSA is a tax - advantaged savings account available through employers to pay for qualified medical expenses.
  5. A Roth IRA is a retirement investment account managed by individuals; deposits are taxable, but funds are tax exempt when withdrawn at retirement.

Answer:

  1. a tax - deferred retirement savings plan available to employees of some non - profit organizations and educational institutions → 403(b)
  2. a tax - advantaged college savings plan → 529 plan
  3. an employer - offered retirement account that accepts contributions from employees and employers → 401(k)
  4. a tax - advantaged savings account available through employers to pay for qualified medical expenses → health FSA
  5. a retirement investment account managed by individuals; deposits are taxable, but funds are tax exempt when withdrawn at retirement → Roth IRA