Plan is good substitute for life insurance policy

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Reference no: EM131948897

1. If you have a 401(K) plan you are required to begin making withdrawals from the plan on April first of the year after you turn 70.5 years of age. True or False?

2. A 401(K) plan is a good substitute for a life insurance policy. True or False?

3. If you contribute to a 401(K) defined contribution plan your wealth grows at the six month U.S. Treasury bill (t-bill) rate. True or False?

Reference no: EM131948897

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