Question 3 (3 Parts) A) With a you, and usually your employer, pay funds into your retirement plan. O deducted-benefit plan contributory retirement plan Onone of the above. O noncontributory retirement plan B) Allen starts saving $150 per month at age 25 and averages 7% per year compounded monthly, Lauren starts saving $1,115.22 per month at age 55 and averages 7% per year compounded monthly. Who will be better off at age 65 assuming neither had in money in their account when they started? O Allen will have $393,722 and Emma will have $192,990 at age 65. Not enough information available. They both will have the same amount of money in their accounts at age 65. O Allen will have $199,149 and Emma will have $ 163,879 at age 65. C) The current trend in retirement plans is toward contribution retirement plans. O True False D) Jared just got a new job and wants to roll over his retirement account from his previous job at a large corporation into an IRA. All of the following is true, EXCEPT? O Jared should speak to a financial planner to learn make sure she follows the rollover rules to avoid taxes. O He should keep the retirement account at his previous firm O Doing this avoids the 10% early distribution penalty. He should select a lump sum distribution to pay off debt. Question 3 (3 Parts) A) With a you, and usually your employer, pay funds into your retirement plan. O deducted-benefit plan contributory retirement plan Onone of the above. O noncontributory retirement plan B) Allen starts saving $150 per month at age 25 and averages 7% per year compounded monthly, Lauren starts saving $1,115.22 per month at age 55 and averages 7% per year compounded monthly. Who will be better off at age 65 assuming neither had in money in their account when they started? O Allen will have $393,722 and Emma will have $192,990 at age 65. Not enough information available. They both will have the same amount of money in their accounts at age 65. O Allen will have $199,149 and Emma will have $ 163,879 at age 65. C) The current trend in retirement plans is toward contribution retirement plans. O True False D) Jared just got a new job and wants to roll over his retirement account from his previous job at a large corporation into an IRA. All of the following is true, EXCEPT? O Jared should speak to a financial planner to learn make sure she follows the rollover rules to avoid taxes. O He should keep the retirement account at his previous firm O Doing this avoids the 10% early distribution penalty. He should select a lump sum distribution to pay off debt