An Effective Code of Conduct Has Three Characteristics

question 26

Short Answer

An effective code of conduct has three characteristics. One is that it protects the public rather than members of the organization or profession. What is one other characteristic of an effective code of conduct?

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Definitions:

Deductible Keogh Contribution

Contributions to a retirement plan for self-employed individuals or unincorporated businesses, allowing for tax deductions.

Traditional IRA

A type of retirement account that offers tax-deferred growth, with taxes being paid only upon withdrawal in retirement.

Distributions

Money paid out to shareholders from a corporation's earnings or a fund's assets.

IRA Balance

Refers to the total amount of money that is currently saved within an Individual Retirement Account, a tax-advantaged retirement savings account.