Retirement PLan Design Rapid Fire
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Quick Quiz for learning Retirement Plan Basics
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- In a Roth IRA, funds can always be withdrawn tax and penalty free after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
