401k and 403b Quiz

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401k and 403b Quiz

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.

 
 

2. Which of the following statements are false about 401k/403b’s.

 
 
 
 

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.

 
 

4. If you are over 50 years old, the most you can contribute to a 401k/403b is $24,000 a year.

 
 

5. If you wanted to withdraw from a 401k/403b, when is the earliest you can do so without incurring a penalty?

 
 
 
 

Question 1 of 5

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