One Benefit of a Simple IRA Is That It Allows

question 198

Multiple Choice

One benefit of a simple IRA is that it allows

• A) employees of small companies to save more than a regular IRA.
• B) employees to invest in the corporate bonds of their employers.
• C) business owners to use employee retirement funds to help finance their small business.
• D) employees to withdraw funds from the IRA prior to retirement without penalty.

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Definitions:

Grover Cleveland

The 22nd and 24th President of the United States, distinguished by being the only president to serve two non-consecutive terms.

Temporal Lobes

Brain regions located on each side of the brain, crucial for processing auditory information and involved in speech, memory, and emotional responses.

Frontal Lobes

Regions of the brain implicated in decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Semantic Memories

A type of long-term memory involving the capacity to remember words, concepts, and numbers which is not drawn from personal experience.