Which of the following statements is incorrect?
A) Tax-deferred plans have an accumulation period and a distribution period.
B) Normally,if a retirement plan is funded with dollars that have already been taxed,the distributions will be taxed.
C) Contributions to retirement plans are often limited in amount.
D) During the accumulation period of a qualified retirement plan no taxes are due on the earnings from the plan investments.
Correct Answer:
Verified
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