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Author Question: Which of the following is falseabout a 401(k) plan? (Read 33 times)

Zulu123

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on: Apr 14, 2019

Question 1

Which of the following is true about a 401(k) plan?


◦ There is no penalty for early withdrawal of these funds.
◦ There is no limit on the dollar amount you can contribute.
◦ Your contributions are automatically vested and are yours, regardless of when you leave the firm.
◦ 401(k) contributions are made after taxes are paid on your salary.

Question 2

Which of the following is 
false about a 401(k) plan?


◦ Withdrawals before age 59 1/2 result in a 10% tax penalty.
◦ Less than 50% of all employers offering these plans match a portion of employee's contributions.
◦ Your contributions are limited to a set dollar amount each year.
◦ The money you contribute is deducted from your pay before taxes are assessed.
Personal Finance ¦ Madura ¦ 6th Edition
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Marked as best answer by Zulu123 on Apr 14, 2019

braelync

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Reply #1 on: Apr 14, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Zulu123

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Reply #2 on: Apr 14, 2019
Thanks


braelync

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Reply #3 on: Apr 14, 2019
Welcome :)


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