L9 - Retirement Plans
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What type of employee welfare plans are not subject to ERISA regulations?
Church plans
Which of these retirement plans can be started by an employee, even if another plan is in existence?
IRA (Individual Retirement Plan)
Which plan is intended to be used by a sole proprietor and the employees of that business?
Keogh Plan
An IRA owner can start making withdrawals and NOT be subjected to a tax penalty beginning at what age?
Traditional Individual Retirement Account (IRA) withdrawals are normally subject to a tax penalty if they are made before the owner reaches age 59 1/2.
Which product would best serve a retired individual looking to invest a lump-sum of money through an insurance company?
annuity