Please help 100pts!!!!!!!!!!!!!!! 1. Your parents are discussing when they are eligible to take out money from their 401(k) plans. Based on current tax laws, what financial advice could you offer? a.T

Please help 100pts!!!!!!!!!!!!!!!

1.

Your parents are discussing when they are eligible to take out money from their 401(k) plans. Based on current tax laws, what financial advice could you offer?

a.They can withdraw money beginning at the age of 59 ½, but will face penalties.

b.They have to wait until they are 62, before withdrawing any money in order to avoid penalties.

c.They can withdraw money beginning at the age of 59 ½, without receiving any penalties.

d.They can take out their money anytime, without facing penalties.

2.

In the future, you and your friends plan to receive Social Security after you retire. At what age can you currently plan to receive full benefits?

a.59 ½

b.62

c.65

d.67

3.

What should be included in your retirement plan?

a.The amount of social security you expect to earn

b.The amount of money you have in other accounts

c.Pension amounts from your former employers

d.All of the above

4.

Your spouse is a teacher at the local elementary school. Which retirement plan would she most likely have?

a.Roth IRA

b.Traditional IRA

c.401(k)

d.403(b)

5.

Your local minister has spoken to you about his retirement plans. Which account would he probably be discussing?

a.Roth IRA

b.Traditional IRA

c.401(k)

d.403(b)

6.

Your grandpa has an account in which he must make minimum withdrawals starting at 70 ½. Which account would you assume he has?

a.Roth IRA

b.Traditional IRA

c.401(k)

d.403(b)

7.

Which type of individual retirement account are you typically able to make withdrawals tax-free?

a.Roth IRA

b.Traditional IRA

c.401(k)

d.403(b)

8.

Social Security is supplemental retirement income and should not be the only thing a retiree relies on.

a.True

b.False

9.

IRA stands for Important Retirement Assets.

a.True

b.False

10.

A Roth IRA is beneficial because your withdrawals are tax-free.

a.True

b.False

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more