401(k) Basics
What is the maximum contribution limit for a 401(k) in 2024?
What is $23,00 for those under 50 and $30,500 for those 50 and older?
What type of investments is commonly found in a 401(k) plan?
What are mutual funds?
What is one of the main purpose of a retirement plan?
What is to help ensure financial security in retirement?
Are contributions to a traditional 401(k) tax-deductible?
What is yes?
What does the report Fi360 provide?
What is benchmarking?
At what age can you start withdrawing form you r401(k) without penalty?
What is 591/2?
What is a target-date fund?
What is a fund that automatically adjusts its asset mix as you approach retirement?
What is a Roth 401(k)?
What is a 401(k) where contributions are made with after-tax dollars?
How are withdrawals from a traditional 401(k) taxed?
What is as ordinary income?
What is it called that allows participants to invest outside of the core lineup?
What is fund window?
What does the "k" in 401(k) stand for?
What is a section of the Internal Revenue Code?
What is a benefit of diversifying your 401(k) investments?
Wheat is reducing Risk?
What is the 4% rule in retirement planning?
What is a rule of thumb for how much you can withdraw from your retirement savings each year?
What is a tax advantage of a Roth 401(k)?
What is tax-free withdrawals in retirement?
What are the 3 CIT's fund managers within Nationwide?
What is Blackrock, What is American Funds, What is American Century?
What is a required minimum distribution (RMD)?
What is the minimum amount you must withdraw from your account each year starting at age 72?
What type of fund automatically adjusts its asset allocation as you approach retirement?
What is a target-date fund?
What is the general industry guideline percentage of your income to save for retirement?
What is 15%?
What is the penalty for early withdrawal from a 401(k)?
What is 10%?
What form needs to be filed on an annual basis from a plan?
What is a 5500 form?
Can you take a loan from your 401(k)?
What is yes, if the recordkeeper allows it but it must be repaid with interest?
What type of investments is known for having a fixed interest rate and maturity date?
What is a bond?
What is the name of the government program that provides retirement, disability, and survivor benefits?
What is Social Security?
What is the term for the tax credit available to low-and moderate-income individuals who contribute to a retirement plan?
What is the Saver's Credit?
What are 3 benefits of adding retirement solutions to your book ?
What is (any 3):
-Increase income -Diversity your business
-Help increase client retention
-Help recession-proof your practice
-Generate new leads - ancillary business