Author Question: One great incentive of having Individual Retirement Accounts (IRAs) and 401(k)s for workers who ... (Read 63 times)

altibaby · **on:** Aug 23, 2018

One great incentive of having Individual Retirement Accounts (IRAs) and 401(k)s for workers who change jobs is that

a. the plans are portable
b. they can receive double pay.
c. there are no penalties of cashing out early.
d. they can continue their plan at the previous job and still work at the new one.

Question 2

Compared to 401(k)s and Individual Retirement Accounts (IRAs), traditional company pensions

a. transfer more of the retirement costs directly to the individual employee.
b. guarantee retirees a specific income based on salary and length of employment.
c. are more likely to be tied to the stock market.
d. vary their payments according to current interest rates.