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1.
How are contributions to 403(b) plans made?
Reductions in salary. Employees sign agreements to let their employers take certain amounts from their wages and put them into the plans.
2.
Employees must work full-time in order to be eligible for 403(b) participation.
False. Part-time employees are eligible unless certain plan requirements forbid them.
3.
In order to take an early distribution from a 403(b) plan due to severance from employment, how old (at the minimum) must you be in the year it is taken?
55. You must be at least 55 in the year that you take it.
4.
Your employer may match the contributions you make to a Roth 403(b) plan.
True. Your employer may; however, the matches will be pre-tax.
5.
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?
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.