Match the descriptions with their terms:
-By exercising a/an _________________, employees can gain some investment flexibility, but they typically will lose the lifetime income guarantee associated with the annuity option.
A) 401(k) plan
B) Allocated plans
C) defined benefit plan
D) defined contribution plan
E) Keogh plans
F) lump-sum distribution option
G) Mandatory retirement age
H) normal retirement age
I) Permitted disparity
J) Qualified plans
K) rollover
L) Section 403(b) plans
M) Unallocated plans
Correct Answer:
Verified
Q21: Match the descriptions with their terms:
-_ are
Q22: Match the descriptions with their terms:
-_ must
Q23: Match the descriptions with their terms:
-Although prior
Q24: Match the descriptions with their terms:
-A/An _
Q25: Match the descriptions with their terms:
-Retirement plans
Q27: Match the descriptions with their terms:
-_ keep
Q28: Match the descriptions with their terms:
-A/An _
Q29: Dr. William Fleming, Sr. turned 62 in
Q30: The ability of employers to take an
Q31: A plan that is typically funded with
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