The Butterfields' savings ratio, using gross earned income and including employer $401(k)$ matching but excluding reinvested interest and dividends, is $($rounded$)$:

a$.4$ percent

b$.10$ percent

c$.16$ percent

d$.22$ percent

Gross Earned Income: $$81,000$

Employer $401(k)$ matching $($ $$0\mathrm{.}50$ cents on the dollar$)$

Savings Ratio:

John and Haley have retirement account balances. John and Haley would like to know what their options will be in relation to these balances when John and Haley reach retirement. Which of the following statements describes their IRA retirement situation?

A$.$ John can roll over his $401(k)$ account balance into an IRA.

B$.$ Haley cannot roll over her account balance because her assets are held in a Keogh.

C$.$ Both John and Haley can roll over their account balances into an IRA and take a special five$-$year averaging tax technique on amounts withdrawn at that time.

D$.$ Haley can roll over her Keogh account balance into an IRA.

a$.$ III only

b$.$ I and II only

c$.$ I and III only

d$.$ I and IV only Correct Answer

John can roll over his $401(k)$ account balance into an IRA. This is a common option for individuals who leave their employers and want to maintain control over their retirement savings.