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SIMPLE Retirement Plans Allow a Higher Level of Employer Contributions

question 44

True/False

SIMPLE retirement plans allow a higher level of employer contributions than do SEP IRAs.


Definitions:

Retirement Age

The specific age at which a person becomes eligible to withdraw from active working life and can start receiving pension benefits.

Styles of Aging

Various approaches or ways individuals experience and cope with the aging process.

Successful Aging

A concept involving maintaining physical health, cognitive function, and social engagement in older adulthood.

Disengagement Theory

A theory proposing that aging individuals and society gradually withdraw from each other, to the mutual benefit of both.

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