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Retirement Benefits_V.1

retirement-benefits-v-1

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401(k) is a ____ Account.

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IRS restricts the contributions to $ ____________ per annum for the employee on a pre-tax basis.

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Name the 3 types of Retirement Accounts:

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Employee can take a ___________ from his 401(k) account.

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What do you understand by Asset Allocation?

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401(k) Account is portable

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401(k) is actively managed which means it doesn't require any life status events to make changes to the plan.

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In case of early withdrawal Employee gets taxed & Penalty.

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403(b) is where Employees of tax-exempt organizations are eligible to participate in the plan

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Employee contribution through payroll on a ________ basis.

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