When Changing Employment,your 401(k)account ________

question 12

Multiple Choice

When changing employment,your 401(k) account ________.

• A)must stay with your past employer
• B)is considered a withdrawal and taxes must be paid on the entire amount
• C)can be transferred to another plan administrator or trustee,like a mutual fund company,an IRA,or new employer's plan
• D)cannot be rolled over into an IRA

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Definitions:

Implementation Intention

A strategy for goal setting that involves forming a specific plan about when, where, and how to act in order to achieve an objective.

Emotional Processes

The mechanisms through which emotions are experienced, expressed, regulated, and understood.

Affective Forecasting

Predicting one’s emotional reactions to potential future events. These predictions are often inaccurate.

Self-discrepancy Theory

A theory in social psychology that describes how differences between individuals' actual, ideal, and ought selves can impact their emotional states.