fl201 7-18-23

Which of the following are approved retirement accounts.

• IRA and Roth IRA

• 401K

• 403B

• SEP

• all of the above

You can have only one retirement account.

• true

• false

If you leave an employer, you can cash out your retirement account and spend the money with no penalty.

• true

• false

Most employers, today, offer this type of retirement accout to their employees.

• SEP

• Defined benefit plan

• Defined contribution plan

• all of the above

It is wise to wait until you are a long-term employee before you open a retirement account.

• true

• false