CII M05 Q&A - in .pdf

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NEW QUESTION: 1
Which of the following plans allows the contributor to withdraw both his earnings and contributions
tax-free if certain conditions are met?
A. traditional IRA
B. 401(k) plan
C. Roth IRA
D. money purchase plan
Answer: C
Explanation:
The Roth IRA allows the contributor to withdraw both his earnings and contributions tax-free
if the Roth IRA has been in existence for at least 5 years and the contributor has reached the age of 59 1/2 .
In all of the other choices, only non-tax-deductible contributions may be withdrawn tax-free.

NEW QUESTION: 2

A. Option C
B. Option A
C. Option E
D. Option F
E. Option B
F. Option D
Answer: A,B,C

NEW QUESTION: 3
DRAG DROP
Drag from the left to correct steps

Answer:
Explanation:


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