Ronald is a 45-year-old pharmacist who is changing jobs. He has decided to personally accept a check from his $150,000 previous employer's retirement account and invest it into a rollover IRA within 60 days. In this case, the check will be for ______, and to avoid taxes and early withdrawal penalties he will need to deposit ______ in the rollover IRA.

a. $120,000; $120,000

b. $150,000; $150,000

c. $150,000; $120,000

d. $120,000; $150,000

Which of the following is not a type of defined-contribution retirement plan?

a. 401(k) plan

b. IRA plan

c. 403(b) plan

d. 457 plan

Simulations that allow you to estimate the probability of reaching your retirement savings goal at some point in the future are a benefit of

a. leverage.

b. market timing.

c. dollar-cost-averaging.

d. Monte Carlo analysis.