In Saving for Retirement, Penny Could Take Advantage of the Unique

question 48

Multiple Choice

In saving for retirement, Penny could take advantage of the unique tax shelter offered only to small-business owners in a

• A) 401(k) plan.
• B) simple IRA plan.
• C) Roth plan.
• D) Keogh plan.

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Definitions:

Unconscious Conflicts

Internal struggles in the unconscious mind, often stemming from repressed emotions or experiences, influencing behavior and mental health.

Stressful Life Situation

Any circumstance that poses a challenge or threat to a person's well-being, requiring adaptation or coping strategies.

Self-Inflicted

Caused by oneself or one's own actions, often referring to harm or injury.

Repressed Memories

Memories unintentionally hidden away as they are related to a high degree of stress or traumatic experiences.