Ask Question
15 March, 12:07

If you work your entire life, then you will be adequately prepared for retirement, even without a retirement plan in place.

True - False

403 (b) plans are offered by various corporations.

True - False

IRA stands for Important Retirement Assets.

True - False

It is always good to invest in a retirement account at a young age so you can use the money to pay for a down payment on a house.

True - False

+1
Answers (1)
  1. 15 March, 12:30
    0
    all are False

    Explanation:

    1. Working in the US does nothing to ensure you will have an adequate retirement benefit. Social security may provide a little income, but usually won't pay the rent.

    2. 403 (b) plans may be offered by some tax-exempt organizations--not by corporations. Corporations may offer a 401 (k) plan.

    3. IRA stands for "Individual Retirement Account."

    4. It is a good idea to invest in a retirement account at a young age so you can take advantage of interest compounding. Using the money for anything other than retirement is not recommended.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If you work your entire life, then you will be adequately prepared for retirement, even without a retirement plan in place. True - False ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers