The Worst Aspect of Simply Taking the Money Out of an Employer-Based

question 242

Multiple Choice

The worst aspect of simply taking the money out of an employer-based retirement plan when changing jobs is

• A)the taxes you must pay.
• B)the rollover penalty.
• C)having to do the paperwork.
• D)the ultimately lower retirement nest egg you will have.

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Definitions:

Separation of Powers

The division of governmental authority into distinct branches (legislative, executive, and judicial) to prevent abuse of power.

International Law

A set of rules and agreements that govern the relations and conduct of nations, organizations, and individuals across global boundaries.

National Law

The body of laws and regulations that are enacted by a country’s legislative body and applied within its borders.

Supremacy Clause

The provision in Article VI of the U.S. Constitution that declares the Constitution, laws, and treaties of the United States "the supreme Law of the Land."