What Are the Advantages to a SIMPLE Plan for Retirement

question 114

Multiple Choice

What are the advantages to a SIMPLE plan for retirement for the small business owners?

• A)The plan is very easy to set up.
• B)The plan works well for small business owners with 100 employees or less.
• C)The small business owner has some flexibility in determining how much to contribute to the plan.
• D)All of the above are correct.
• E)Only A and B are correct.

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Definitions:

Psychological Consequences

The mental and emotional effects that result from certain experiences, decisions, or events.

Frequent Headaches

Repeated occurrences of head pain, which can be a symptom of various medical conditions or stress.

Skin Conditions

Refers to any disorder or disease that affects the skin, including rashes, dermatitis, acne, and psoriasis.

Task Demand Stressor

Describes conditions or aspects of a task that require sustained physical or mental effort, potentially leading to stress.