Which of the Following Statements Is Incorrect

question 95

Multiple Choice

Which of the following statements is incorrect?

• A)Individual-based retirement plans include a Roth IRA.
• B)Distributions from a pension plan may be made in a lump sum or may be spread out in payments over many years.
• C)Tax-deferred plans can be created for purposes other than retirement.
• D)If a pension plan is funded with contributions that have not been taxed,the distributions will not be taxed.

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Definitions:

Social Networking Sites

Online platforms that facilitate the creation and sharing of information, ideas, personal messages, and other content within networks of contacts.

Millennial

A person born approximately between the early 1980s and late 1990s; often characterized by their familiarity with technology, media, and digital communications.

Multitask

The ability or practice of performing multiple tasks or duties simultaneously or with overlapping time frames.

Immediate Gratification

The desire or tendency to obtain pleasure or fulfillment without delay or deferment.