Which of the following statements is incorrect?
A) Tax-deferred plans can be created for purposes other than retirement.
B) Retirement plans are always funded with contributions that have not been taxed,so the withdrawals are taxed.
C) A SIMPLE plan is an employer-sponsored retirement plan.
D) A payment to a beneficiary from a pension plan is called a distribution.
Correct Answer:
Verified
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Q94: Which of the following statements is incorrect?
A)To
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