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:

Aaron Beck

A psychiatrist known as the father of cognitive therapy, which focuses on changing unhelpful thinking patterns to improve emotional regulation and develop personal coping strategies.

Cognitive Therapy

A form of psychotherapy that emphasizes the importance of thought patterns in influencing behavior and emotions.

Dissociative Identity Disorder

Dissociative Identity Disorder is a psychological condition characterized by the presence of two or more distinct personality states or identities within a single individual, often as a response to traumatic experiences.

Cognitive-Behavioral Therapy

A form of psychotherapy that aims to improve mental health by addressing and modifying dysfunctional emotions, behaviors, and thoughts using a systematic, goal-oriented approach.