Question 1
What type of IRA allows for tax-free withdrawals after 5 years?
Question 2
What tax treatment is applicable for lump sum death benefits paid to a beneficiary?
Question 3
What does a vesting schedule in a qualified plan determine?
Question 4
How are dividends from a personal life insurance policy treated for tax purposes?
Question 5
Which condition would typically allow penalty-free early withdrawals from a qualified plan?
Question 6
What happens if an individual makes an early withdrawal (before age 59½) from a qualified retirement plan?
Question 7
Which plan allows contributions up to 25% of earned income for self-employed individuals?
Question 8
If a life insurance policy is transferred within 3 years before the insured's death, what tax rule applies?
Question 9
Which type of plan is specifically designed for non-profit organizations such as schools and churches?
Question 10
Which type of contribution is tax-deductible: pre-tax dollars or post-tax dollars?
Question 11
What kind of plan has no mandatory withdrawal age of 72?
Question 12
What is the taxation treatment for employer contributions to a qualified plan?
Question 13
What kind of plan is designed for businesses with fewer than 100 employees?
Question 14
What is a key benefit of a 401k plan?
Question 15
Under what conditions are policy loans from a personal life insurance policy considered taxable income?