C9- uses of life insurance

What is the maximum number of employees (earning at least $5000) that an employer can have an order to start a simple retirement plan

100

How long does an individual have to "rollover" funds from an IRA or a qualified plan?

60 days

Which product would best serve a retired individual looking to invest a lump-sum of money through an insurance company?

Annuity

Which of these retirement plans can be started by an employee, even if another plan is in existence?

IRA (Individual Retirement Plan)

Post-tax dollar contributions are found in

Roth IRA investments

An employer that offers a qualified retirement plan to its employees is eligible to

make tax-deductible contributions to the plan

Traditional Individual Retirement Account (IRA) distributions must start by

April 1st of the year following the year the participant attains age 70 1/2

A qualified profit-sharing plan is designed to

allow employees to participate in the profits of the company

Rick recently died and left behind an individual IRA account in his name. His widow was forwarded the balance of the IRA. The widow qualifies for the

marital deduction

In an individual retirement account (IRA), rollover contributions are

not limited by dollar amount