Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of these are characteristics of governmental Section 457 plans? A) there is a special catch-up provision for the last five years prior to the

Which of these are characteristics of governmental Section 457 plans?

A)

there is a special catch-up provision for the last five years prior to the plans normal retirement age.

B)

withdrawals from a 457 plan are not usually subject to the 10% early withdrawal penalty.

C)

governmental 457 plans cannot offer Roth elective deferrals.

D)

contributions are included in taxable income.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

An Introduction To Real Estate Finance

Authors: Edward Glickman

1st Edition

0123786266, 9780123786265

More Books

Students also viewed these Finance questions

Question

12.6 Analyze the emerging emphasis on employee recognition.

Answered: 1 week ago