Carve-out accounts

Name: Carve-out accounts
Brand: Quizplus
Rating: 4.7 (47 reviews)

Question

Carve-out accounts

Quizplus · Accepted Answer

Carve-out accounts refer to retirement accounts that are separate from the traditional social security system. The funds in these accounts are not subject to the same rules and regulations as the funds in the traditional social security system. Therefore, by design, carve-out accounts take funds away from the traditional social security system. However, there is no age restriction or tax rate associated with carve-out accounts, as implied in options A and C.

Carve-Out Accounts