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Which of the following statements is incorrect? Multiple Choice Tax - deferred plans have an accumulation period and a distribution period. Normally, if a retirement
Which of the following statements is incorrect?
Multiple Choice
Taxdeferred plans have an accumulation period and a distribution period.
Normally, if a retirement plan is funded with dollars that have already been taxed, the distributions will be taxed.
During the accumulation period of a qualified retirement plan no taxes are due on the earnings from the plan investments.
Contributions to retirement plans are often limited in amount.
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