1) Roth IRA's contributions are not tax deductible, however the distributions allow you to take money at a higher tax rate than a traditional IRA. This Statement is __________________ .

a) FALSE. Roth Distributions are Tax free.

b) FALSE Roth distributions are taxed at a much lower tax bracket than when you invested it.

c) TRUE.

d) FALSE. Roth contributions are Tax deductible

2) MOST defined-benefit pension plans are vested and they lack portability. This Statement is __________________ .

a) FALSE. They are noncontributory and they lack portability.

b) TRUE.

c) FALSE. They are noncontributory and they lack diversification

d) FALSE. They are contributory and they lack diversification.

3) Social Security provides death, health and education benefits, but not disability benefits. This Statement is _____________ .

a) FALSE. Social security provides education, disability and death benefits but not health benefits

b) TRUE

c) FALSE. Social security provides disability. death and health benefits, not education benefits.

d) FALSE. Social security provides health, education and disability benefits, but not death benefits.