Which of the following statements is incorrect?
A) If a pension plan is funded with contributions that have not been taxed,the distributions will not be taxed.
B) Distributions from a pension plan may be made in a lump sum or may be spread out in payments over many years.
C) Tax-deferred plans can be created for purposes other than retirement.
D) Individual-based retirement plans include a Roth IRA.
Correct Answer:
Verified
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