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Which of the following statements is incorrect? Multiple Choice If a pension plan is funded with contributions that have not been taxed, the distributions will

Which of the following statements is incorrect?

Multiple Choice

If a pension plan is funded with contributions that have not been taxed, the distributions will not be taxed.

Tax-deferred plans can be created for purposes other than retirement.

Individual-based retirement plans include a Roth IRA.

Distributions from a pension plan may be made in a lump sum or may be spread out in payments over many years.

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