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