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Baden Industries has three divisions: planning, manufacturing, and marketing. Tim Jackson, owner of Baden, wants to tie a bonus plan to profit as an employee performance incentive. As his financial advisor, you explain to Tim that profit can be calculated as

Distributions from a traditional IRA cannot be made before the participant turns 59½ unless the IRA owner dies.

Which of the following options are good questions to ask about existing benefit plans?(I)Who is covered?(II)What benefits are provided?(III)How is the plan funded?(IV)Who administers the plan?

HMOs try to control costs by emphasizing preventative care.

If ERISA’s pension plan rules do not apply, a severance plan can cover:

Pam wants to use money from a traditional IRA for a down payment to purchase a first home. How much can she withdraw from her IRA without having to pay the federal early distribution penalty?

In lieu of a bonus, an employer can provide a tax-deferred benefit to employees by using

An individual who has a Keogh plan cannot also invest in a traditional or Roth IRA.

Which of the following are considered fundamental steps in the retirement planning process?(I)assessing client retirement financial needs(II)determining how much of the need will be met(III)establishing a plan for any cash flow shortfall(IV)selling investments based on projected income needs

Distributions are not required from Roth IRAs until after the death of the IRA owner.