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In a Roth IRA, funds can always be withdrawn tax and penalty free after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