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Match the following terms: Tax-advantaged saving plan for higher education expenses. A. Defined Benefit Plan B. 401-K C. 529 Plan Individual retirement savings account where
Match the following terms: Tax-advantaged saving plan for higher education expenses. A. Defined Benefit Plan B. 401-K C. 529 Plan Individual retirement savings account where dollars are contributed pre-tax but when withdrawn after age 59.5, are taxed as regular income. D. Roth IRA E. Regular (or Traditional) IRA Individual retirement savings account where dollars are contributed after-tax but when withdrawn after age 59.5, are tax-free. Defined Contribution Pension Plan used by many private companies where employees make a pre- tax contribution from each paycheck and employer typically match some portion of that contribution. Withdrawals after age 59.5 are taxed as regular income. A pension plan where the employer makes all contributions and employees get a retirement paycheck that is a formulaic function of years worked and average salary over some period during the employee's career
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