What is the defined benefit early withdraw tax penalty

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Reference no: EM131521159

1. What is the primary choice of investment in defined benefit plans?

a) Mutual Funds

b) Fixed Income

c) Stocks

d) Real Estate

2. What is the defined benefit early withdraw tax penalty?

a) 10%

b) 20%

c) 50%

d) There is no early withdraw penalty

3. Who pays defined benefit retirement payments when the employer is bankrupt and the plan is not fully funded?

a) Insurance

b) IRS

c) No one. Retirees only receive partial payments

Reference no: EM131521159

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