401k and 403b Quiz Uncategorized 401k and 403b Quiz yopellc July 31, 2017 0 comments 1. If you have a 401k/403b you will not be taxed on your contributions, however once you withdrawal you will be taxed at your current tax rate. True False 2. Which of the following statements are false about 401k/403b’s. Some employers offer to match your balance. The 401k/403b can house an array of investment vehicles. 401k’s/403b’s are tax deferred investments. If you are under 50 years old, the most you can contribute to your 401k/403b is $18,000 a year. 3. If a 401k/ 403b plan is offered to you by your employer, the presented list you must choose from is based on the holdings of each investment. False True 4. If you are over 50 years old, the most you can contribute to a 401k/403b is $24,000 a year. False True 5. If you wanted to withdraw from a 401k/403b, when is the earliest you can do so without incurring a penalty? 50 After 10 years of working for the company 59 1/2 65 Loading … Question 1 of 5
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