Series 24: Answers

Answers

1. 1. Answer: B. Rationale: Qualified retirement plans are subject to the Employee Retirement Income Security Act and IRS guidelines. The SEC and AARP do not regulate retirement plans.
2. 2. Answer: C. Rationale: A SIMPLE IRA can be used for business with as few as one employee and up to 100. A SIMPLE IRA for larger numbers may make less sense to an employer, because employers often make contributions as well as employees.
3. 3. Answer: D. Rationale: Roth IRAs are funded with after-tax dollars, so if you expect that your tax rate in retirement might