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1.
Money that you contribute to a Roth 403(b) plan _______ eligible for tax deferral.
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Is not. In exchange for this, your withdrawals, provided that you follow the rules, will not be taxed. Neither will the earnings that have built up in your account.
2.
Employees must work full-time in order to be eligible for 403(b) participation.
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False. Part-time employees are eligible unless certain plan requirements forbid them.
3.
If you withdraw $100,000 from your 403(b) plan and roll over only $90,000 into a new plan, what will happen to the other $10,000?
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You will be taxed on it. The IRS will consider the $10,000 to be income if you do not put it into a new 403(b) plan.
4.
How are contributions to 403(b) plans made?
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Reductions in salary. Employees sign agreements to let their employers take certain amounts from their wages and put them into the plans.
5.
The alternative to a periodic 403(b) plan payout is a lump-sum distribution.
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True. You may take your proceeds little by little or all at once.