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1.
A 403(b) rollover is the moving of your 403(b) plan from its current custodian (holder) to the government.
Choose wisely. There is only one correct answer.
False. It is the moving of your 403(b) plan from its current custodian (holder) to another custodian.
2.
How are contributions to 403(b) plans made?
Choose wisely. There is only one correct answer.
Reductions in salary. Employees sign agreements to let their employers take certain amounts from their wages and put them into the plans.
3.
What is the annual income limit for contributing to a Roth 403(b)?
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There is none. There is no income limit at all.
4.
Taxes are deferred on contributions to a 403(b) plan until _______.
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The individual begins making withdrawals. Age and retirement do not affect the tax status.
5.
Who of the following would not be able to participate in a 403(b) plan?
Choose wisely. There is only one correct answer.
A clerk at a highly profitable software firm. Only employees of non-profit companies may participate.