Which of the following statements is true? A. The key regarding qualified retirement plans is that...
Which of the following statements is true?
A. The key regarding qualified retirement plans is that they provide tax deferral of investments.
B. To avoid the 10% penalty, generally an employee should not withdraw retirement money BEFORE the age of 59 1/2.
C. Qualified retirement plans include defined benefit plans, as well as ESOPs, IRAs, and 401K plans.
D. All of the above are true statements.
Homework Answers
OPTION D---------All of the above are true statements.
All statements are true.---The key regarding qualified retirement plans is that they provide tax deferral of investments.To avoid the 10% penalty, generally an employee should not withdraw retirement money BEFORE the age of 59 1/2.Qualified retirement plans include defined benefit plans, as well as ESOPs, IRAs, and 401K plans.
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