The big disadvantage with a defined-contribution plan is that you don't know in advance exactly how much money you can plan on for retirement income

Indicate whether this statement is true or false.

Answer: TRUE

Business

You might also like to view...

Under current accounting practice, intangible assets are classified as

a. amortizable or unamortizable. b. limited-life or indefinite-life. c. specifically identifiable or goodwill-type. d. legally restricted or goodwill-type.

Business

It is legal for settlement service provider A to pay settlement service provider B a portion of fees charged to a borrower only when:

a. Service provider B has performed bona fide services to earn the fee b. Both service providers have a written agreement in place to split fees c. The service providers are separate entities and not affiliated in any way d. The consumer is aware the service providers are splitting fees

Business