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Retirement Beginner: The Language of Retirement Planning

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1.
The Keogh plan is specially made for self-employed individuals.
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True. The Keogh is also for all non-incorporated businesses.
2.
If you are bound by contract to take withdrawals under certain conditions, you are under a distribution _______.
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Requirement. You are not always bound under plans and options.
3.
Premiums are used to figure out how much a variable annuity will pay its holder.
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False. Annuity units are used for this purpose.
4.
The Roth IRA features tax-free distributions.
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True. In return, the contributions to it must have been taxed.
5.
Qualified retirement plans are those that receive special tax benefits.
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True. That is what "qualified" means.
6.
What is the general name for an investment that lets you legally avoid many taxes?
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Tax shelter. Annuities and 403(b) plans can be tax shelters, and usually are.