If You Start Saving for Retirement Only in Your Later

question 50

Multiple Choice

If you start saving for retirement only in your later years and your income growth from that point is rapid then ________________________.

• A) a traditional IRA is probably a better choice than a Roth IRA
• B) a Roth IRA is probably a better choice than a traditional IRA
• C) a SEP is probably a better choice than Medicare
• D) a 401(k) is probably a better choice than a 403(b)

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Definitions:

Cell Theory

A fundamental theory in biology stating that all living things are made up of cells, that the cell is the basic unit of life, and that all cells arise from pre-existing cells.

Basic Similarities

Fundamental aspects that are common or shared between entities, enabling a comparison or understanding of their basic nature.

Small Cell Size

An attribute of cells that allows for a larger surface area relative to volume, facilitating efficient nutrient and waste product exchange.

Surface Area

The total area of the surface of a three-dimensional object.