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Retirement PLan Design Rapid Fire

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Quick Quiz for learning Retirement Plan Basics

Created Date 01.24.20
Last Updated 01.24.20
Viewed 40 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  • In a Roth IRA, funds can always be withdrawn tax and penalty free after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