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Which of the following is true about retirement plans as deferred annuities? . Retirement plans pay out benefits as soon as a person enrolls in
Which of the following is true about retirement plans as deferred annuities?
Retirement plans pay out benefits as soon as a person enrolls in the plans.
B
Benefits are not paid out until some years later, usually when individuals reach retirement age.
C
There is an accumulation period when people take out retirement benefits.
D There is a liquidation period when people make taxdeductible contributions.
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