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Retirement PLan Design Rapid Fire
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Finance
Quick Quiz for learning Retirement Plan Basics
By
Kurt Gombar
Created Date 01.24.20
Last Updated 01.24.20
Viewed 52 Times
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Topics of this game:
A Defined Benefit plan is
In a Defined benefit plan the investment choices are decided by
Funds in a non-qualified plan can be rolled over to another qualified plan
Every company is required by law to offer a 401k to their employees as a benefit
In a Roth IRA, funds can always be withdrawn tax and penalty free after
More often than not you can take a loan from this type of account
A Traditional pension plan expresses the benefit as a
It is possible to get a lump sum benefit from 401ks and most pension plans
You can take all your money out of this type of employer sponsored plan once terminated regardless of age and length of service
In a traditional IRA taxes are deferred but you will pay taxes upon withdrawal during retirement
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