Which of the following is not a self-employed retirement account?
A) SEP IRA
B) SEM 403(c)
C) Individual 401(k)
D) None of these. All of these are self-employed retirement accounts.

Question

Quizplus · Accepted Answer

SEM 403(c) is not a self-employed retirement account. The correct name for this type of account is SARSEP (Salary Reduction Simplified Employee Pension plan), which is a type of SEP IRA. The other options (SEP IRA, Individual 401(k), and other types of IRA) are all self-employed retirement accounts.

Which of the Following Is Not a Self-Employed Retirement Account