fl101 7-17-23

You can only have one retirement account.

• true

• false

I can take money out of my 401K plan at any time with no penalty.

• true

• false

Most employers (companies) today, offer this type of retirement account to their employees.

• pension

• profit sharing

• defined contribution (401K)

• all of the above

A 401k Plan is similar to a 403b Plan except one is from a for profit company and the other is from a not-for-profit company.

• true

• false

You should wait until you are older, at least 40 years old, before you start a retirement account.

• true

• false