Question 1

It is correct to say that you invest in a 401(k) or IRA account.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is not an example of nonprobate property?

Accepted Answer

A)  Property owned by joint-tenancy with rights of survivorship
B)  Property designated in a will
C)  A retirement account such as a 401(k)  or IRA
D)  A bank account with a payable-on-death designationE) C) and D)
F) A) and D)

Question 3

The IRS has a one-rollover rule that says investors can make only one rollover from one IRA to another in any 12-month period.

Accepted Answer

A) True 
 B)False

Question 4

Dennis Ackley,an innovator in retirement education,suggests looking at your retirement as something you "buy" on the layaway plan.

Accepted Answer

A) True 
 B)False

Question 5

A(n)  ____ plan is a benefit plan through which the employer makes tax-deductible contributions of company stock into a trust; these contributions are then allocated into accounts for individual employees.
Employee stock-ownership

Accepted Answer

A)  employee stock-ownership
B)  profit-sharing
C)  thrift and savings
D)  deferred-compensationE) B) and C)
F) A) and D)

Question 6

The right of escheat gives a deceased's property to the

Accepted Answer

A)  surviving spouse.
B)  children.
C)  parents.
D)  state of residence.E) B) and C)
F) A) and D)

Question 7

Retirement is defined as the time period when you stop all work for pay.

Accepted Answer

A) True 
 B)False

Question 8

Living trusts can either be

Accepted Answer

A)  current or testamentary.
B)  private or public.
C)  retrievable or irretrievable.
D)  revocable or irrevocable.E) B) and C)
F) None of the above

Question 9

Which of the following is designed for employees of tax-exempt employers and does not allow employer contributions?

Accepted Answer

A)  401(k)  plan.
B)  403(b)  plan.
C)  457 plan.
D)  Simple IRA.E) B) and C)
F) A) and C)

Exam 17: Retirement and Estate Planning

A(n) ____ plan is a benefit plan through which the employer makes tax-deductible contributions of company stock into a trust; these contributions are then allocated into accounts for individual employees. Employee stock-ownership

Correct Answer
verified

Dennis Ackley,an innovator in retirement education,suggests looking at your retirement as something you "buy" on the layaway plan.

Correct Answer
verified

Living trusts can either be

Correct Answer
verified

The IRS has a one-rollover rule that says investors can make only one rollover from one IRA to another in any 12-month period.

Correct Answer
verified

Retirement is defined as the time period when you stop all work for pay.

Correct Answer
verified

Which of the following is designed for employees of tax-exempt employers and does not allow employer contributions?

Correct Answer
verified

Which of the following is not an example of nonprobate property?

Correct Answer
verified

The right of escheat gives a deceased's property to the

Correct Answer
verified

It is correct to say that you invest in a 401(k) or IRA account.

Correct Answer
verified

Exam 17: Retirement and Estate Planning

A(n) ____ plan is a benefit plan through which the employer makes tax-deductible contributions of company stock into a trust; these contributions are then allocated into accounts for individual employees. Employee stock-ownership

Correct AnswerverifiedShow Answer

Dennis Ackley,an innovator in retirement education,suggests looking at your retirement as something you "buy" on the layaway plan.

Correct AnswerverifiedShow Answer

Living trusts can either be

Correct AnswerverifiedShow Answer

The IRS has a one-rollover rule that says investors can make only one rollover from one IRA to another in any 12-month period.

Correct AnswerverifiedShow Answer

Retirement is defined as the time period when you stop all work for pay.

Correct AnswerverifiedShow Answer

Which of the following is designed for employees of tax-exempt employers and does not allow employer contributions?

Correct AnswerverifiedShow Answer

Which of the following is not an example of nonprobate property?

Correct AnswerverifiedShow Answer

The right of escheat gives a deceased's property to the

Correct AnswerverifiedShow Answer

It is correct to say that you invest in a 401(k) or IRA account.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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