(Life) 9 - Retirement Plans
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An IRA owner can start making withdrawals and NOT be subjected to a tax penalty beginning at what 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
Which of these retirement plans can be started by an employee, even if another plan is in existence?
Individual Retirement Account (IRA)
Which plan is intended to be used by a sole proprietor and the employees of that business?
Keogh Plan
Which of the following is TRUE about a qualified retirement that is "top heavy"?
More than 60% of plan assets are in key employee accounts