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1.After turning 50, you can make additional contributions to your retirement accounts on top of your annual maximum. These extra contributions are referred to as

1.After turning 50, you can make additional contributions to your retirement accounts on top of your annual maximum. These extra contributions are referred to as catch-up contributions.

True/Flase?

2.In most retirement accounts you will be charged fees on the money you put into the fund and the money earned through investing.

True/Flase?

3.If you take money out of a 401(k) or traditional IRA account before the age of 59 you can be penalized for early withdrawal.

True/Flase?

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