5 Questions
What are the common sources of income for retirement?
Social Security and pension
Under which act are qualified pension plans offered by the employer?
ERISA
What is the main difference between qualified and non-qualified pension plans?
Qualified plans have contri limits, non-qualified plans do not
What is an example of a non-qualified pension plan?
Deferred compensation plans (457)
What is the benefit of a qualified pension plan regarding employee taxation on withdrawals?
Employee taxed on withdrawals @ ordinary rate
Test your knowledge on retirement income sources and plans with this quiz. Explore topics such as Social Security, pensions, qualified and non-qualified plans, and the differences between defined benefit and defined contribution plans.
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