Which of the statements concerning retirement accounts is true?

Individuals do not pay income tax on Social Security contributions, but there are no tax benefits tied to personal retirement accounts.

Contributions to personal retirement accounts remain the property of the individual or heirs, but Social Security payments are transferred to others.

Since Roth IRAs are funded with post‑tax dollars, they are never as attractive as pre‑tax traditional IRAs.

Individuals can allocate the funds in IRAs, 401(k)s, Roth IRAs, and Social Security accounts according to their risk preferences.

Answers

Answer 1

Answer:

Contributions to personal retirement accounts remain the property of the individual or heirs, but Social Security payments are transferred to others.

Explanation:

When working, the amount which you save for your personal retirement is your own money, however the money which is deducted for social security payments goes to those who are retired, have disabilities etc . When a person has been paying social security paymenrs, he becomes eligible for getting retirement benefits in future

Individual savers have different preferences when it comes to how much risk they want to take on their retirement accounts. Some are happy to take greater risks in order to (hopefully) earn greater rewards, but many, especially those close to retirement, would rather accept lower returns in order to avoid the possibility of losing part of their savings. Private retirement programs usually offer a range of risk options.

The Social Security Administration, however, handles things differently. Funds paid into the Social Security program are used to fund the benefits of current retirees; people working today will depend on payments made in the future by future workers to pay for their benefits. This is not how the program was originally envisioned, but people living longer lifespans, an increase in the number of retirees, and increases in benefits paid have all placed financial stress on the system.

Contributions to privately administered retirement programs remain the property of, and under the control of, the individual private contributors. Ownership may transfer to an heir or beneficiary, but that, too, is a private, individual decision.

The contributor's income that is invested into traditional IRAs is not taxed, but the withdrawals that are made at retirement age are taxed. The contributor's income that is invested into to Roth IRAs is taxed, but the withdrawals that are made at retirement age are not taxed.


Related Questions

Fill in the blanks with the correct world/s to complete the statement. write your answer on a separate sheet of paper

Answers

The answer to the question is..

I have no clue, because you didn’t state the question

(15 points)Which force results in the economic impacts described in the passage?
As information is more widespread, consumers demand product and service offerings available outside of their own
nation. International supply and demand may lead to more reliance on new technologies. Consumers demand products
at lower prices, which leads to outsourcing. And finally, goods produced internationally may meet different quality
standards, fueling a need for more quality control. All of these issues carry economic impact with them.

1. Capitalism
2. Communism
3. Globalization
4. Democracy

Answers

Answer:

1

Explanation:

Capitalism

What is human development index?

Answers

The Human Development Index is a statistic composite index of life expectancy, education, and per capita income indicators, which are used to rank countries into four tiers of human development.

Which of these wild be the least likely to increase human capital

Answers

The answer is c. increasing the cost of tuition at public colleges.

The option that would be the LEAST LIKELY to increase human capital would be increasing the cost of tuition at public colleges.

Hope it helps :)

What happened to thousands of Jewish men as a result of Kristallnacht? They lost their status as citizens of Germany. They were arrested and sent to concentration camps. They rebuilt their businesses and reopened factories. They left the cities to live in greater safety in rural areas.

Answers

Answer:

Your answer would be:
B.) They were arrested and sent to concentration camps


From November 9 to November 10, 1938, in an incident known as Kristallnacht; Nazis in Germany torched synagogues, vandalized Jewish homes, schools, and businesses, and killed close to 100 Jews. In the aftermath of Kristallnacht, also called the Night of Broken Glass; about 30,000 Jewish men were arrested and sent to Nazi concentration camps.





Explanation:

Have a great rest of your day`
#TheWizzer

Why is increased technological knowledge for a nation important for growth?

It allows the nation to be more productive in goods and services that it produces.

Increased technological knowledge causes simultaneous increases in human capital and physical capital.

Technological knowledge allows output to increase instantly.

All of the above.

None of the above.

Answers

Answer:

It allows the nation to be more productive in goods and services that it produces.

Explanation:

Increased factors of production, whether it be technological knowledge, human capital, physical capital, or organization, all lead to growth because it allows a nation to be more productive in creating goods and services. For example, better tractors, better knowledge of how to use tractors, and continual engineering of more efficient tractors allow the United States to grow many crops efficiently.

Note that increasing one factor of production does not necessarily mean others will increase as well. Also, most improvements in factors of production take time to implement, meaning that an improvement in a factor of production will not always lead to an immediate increase in economic growth.


4. Which of the following goals would a civil
rights activist be most likely to pursue?

Answers

Answer:

Sit-ins were arguably the most valuable tool used by civil rights activists to achieve their goals. All over the country, African-American citizens protested segregation in public places (like restaurants) to expose the inequality present in the US.

Explanation:

how is the earth simllar to and different from a sipnning top?

Answers

Answer:

Instead of staying in one place and spinning like a spinning top, the Earth moves around in a circle. It orbits around the sun unlike a spinning top which stays still, not heading in a particular direction. However, the Earth does rotate on it axis and spins around like a spinning top.

when at a funeral what is the correct thing to say?

A. your personal speech
b. a generic group of words
c. "welcome to my unboxing video"
D. you say nothing

Answers

C. Welcome to my unboxing video

What were the main results of the French and Indian War? Select two correct responses.

Answers

Answer:

great Britain ended up with a lot of territorial gains, there was a lot of war debt and land destruction, it also eventually lead to the American revolution.

Explanation:

Answer:

The war provided Great Britain enormous territorial gains in North America, but disputes over subsequent frontier policy and paying the war's expenses led to colonial discontent, and ultimately to the American Revolution.

Explanation:

The French and Indian War began in 1754 and ended with the Treaty of Paris in 1763.

How many MMDA's are there in Ghana.

Answers

Answer:

261 local metropolitan, municipal and district assemblies in Ghana

what is the difference between myth and truth?​

Answers

A myth refers to something that can be made up and along the way someone could have really believed it so it became more and more ‘real’ but in reality isn’t. Truth is the truth. In other words it’s something that CAN be proven in anyway. Myth cannot.

Which West African country has a hardwood industry?
A Chad
B Benin
C Ghana
D Senegal

Answers

Ghana contains forest of tall and valuable west African hardwood

I searched it up

Answer:

^Just read explanation and look at photos!!^

Explanation:

Every answer to the 2.25 global studies test:

(check the photos attached) :)

this took a while but i hope it helps.

2.25 Unit Test: Africa (from k12):

PLS GO TO ONE OF MY ANSWERS TO FIND THEM!!

What we expect to see can play a bigger role when we form beliefs than what we actually see. True or false?

Answers

Answer:

true

If u believe in God

u won't Ever wonder how He created the universe

____ differ from other work teams not only by being multicultural but also often by being geographically dispersed and psychologically distant. Group of answer choices Transnational teams Parallel teams Focus groups Management teams Interest groups

Answers

Transnational team differ from other work teams not only by being multicultural but also often by being geographically dispersed and psychologically distant.

What is transnational team?

Transnational team includes group of people working together in company.

These people are multinational having several activities that cut across many countries.

Therefore, Transnational team differ from other work teams not only by being multicultural but also often by being geographically dispersed and psychologically distant.

Learn more on team here,

https://brainly.com/question/10061787

Following World War 2, why did nations create alliances like NATO around the globe? A. Communist and democratic nations did not trust each other. B. Nations began another world conflict that included fighting. C. Communist and democratic nations worked together for world peace.
D. Many nations wanted to gain economic independence.

Answers

Answer:

D. many nations wanted to gain economic independence

The Confederate general who became famous for his strategy and courage at the First Battle of Bull Run was
A.) George McClellan.
B.) Robert E. Lee.
C.) Joseph Hker.
D.) Thomas “Stonewall” Jackson.

Answers

Answer:

the answer is D Thomas "Stonewall" Jackson

The strongest leader of Athens known for his speaking skills was

Answers

Answer:

Pericles

Explanation:

Pericles was a great leader of Athens. In about 431 B.C., he made a famous speech. It honored Athenians who had died in the war with Sparta. It is know as "Pericles' Funeral Oration." In the speech, Pericles explains why Athens is great.

The original star-bellied Sneetches paid to have their stars removed then declared that they were better because of the lack of stars on their bellies. Because they were the dominant group, they could make and enforce such statements and other rules that ensure they retain their power. This is in line with which theory?

Realistic group conflict theory

Social dominance theory

Social identity theory

Intergroup conflict reduction

Answers

The theory described that shows the original star-bellied Sneetches maintaining power is the Social Dominance theory.

What is the Social Dominance theory?

This is a theory that talks about how a dominant group in a society will usually act in a way that ensures that they remain dominant.

The original star-bellied Sneetches made and enforced statements that maintained their power as the dominant group which is in line with the concepts espoused by the Social dominance theory.

In conclusion, option B is correct.

Find out more on the Social theories at https://brainly.com/question/6602673.

3 ways that can be used to combat discrimination​

Answers

Answer:

1. Raise awareness. Let others know that people are being discriminated.

2. Find the reason for the discrimination. Finding out why certain groups of people are being discriminated against can help you pull it out by the roots.

3. Educate others about discrimination. Help others understand the effects of discrimination, and why it is important to put a stop to it.

Explanation:

Hope this helps!

1. Respect other cultures/racial differences/etc. at work.

2. Listen and educate yourself.

3. Challenge everyday discrimination.

If Northland has a debt of $5 million in 2014, and runs a deficit of $0.3 million in 2015, and a surplus of $0.4 million in 2016, what would its debt be at the end of 2016, assuming no additional interest is added to its debt?

$5.3 million

$4.9 million

$5.7 million

$4.3 million

Answers

$4.9 million

A $0.3 million deficit in 2015 has increased the debt from $5 to $5.3 million, and a $0.4 million surplus in 2016 has reduced the debt from $5.3 million down to $4.9 million at the end of the year.

What is the main cause of conflict in many West African nations?
A land ownership rights
B poverty
C lack of a common language
D ethnic diversity

Answers

Answer:

B.

Explanation:

Our leaders in many West Africa nations are mostly thinking about the money that they are going to eat only , they won't think about upgrading the country

Which of the following items are made from renewable resources? Select the two correct answers
A electronics
B metal can
C leather jacket
D plastic fork
E printer paper

Answers

The answers are A, E, C

Explanation:

The items that are made from renewable resources includes:

leather jacketprinter paper

What is a renewable resources?

These resources include biomass energy, hydropower, geothermal power, wind energy, solar energy etc.

Hence, the leather jacket and printer paper are the items that are made from renewable resources.

Therefore, the Option C & E is correct.

Read more about renewable resources

brainly.com/question/545618

#SPJ2

should indiviual freedoms be sacrieced in the name of the national security

Answers

Answer:

Freedom should not be sacrificed in the name of national security.

Explanation:

describe the significance of RBI​

Answers

Answer:

The RBI acts as a regulator and supervisor of the overall financial system. This injects public confidence into the national financial system, protects interest rates, and provides positive banking alternatives to the public. Finally, the RBI acts as the issuer of national currency.

Explanation:

Every modern nation uses a central
bank. Which of the following is NOT an
example of a central bank?

A. Royal Bank of Japan
B. Bank of Canada
C. Bank of Mexico

Answers

Answer: A. Royal Bank of Japan

Explanation: Note that the word "Royal" is used. In the other two, there are no words like Royal, and only have the countries name and states that their a bank. Most central banks are like that. I hope this helps.

Below is a map of the Mediterranean world at the time of the Second Punic War. Use this map below to answer the following question:

A map of Europe that shows the Mediterranean areas controlled by the Romans, Carthaginians, and their allies during the Second Punic War. Blue is used to indicate areas controlled by Carthage, and light blue is used to indicate allies of Carthage. Red is used to indicate areas controlled by Romans, and pink is used to indicate allies of Rome. The eastern half of Spain and the North African coast are dark blue. The central and northern areas of Italy, as well as the islands Sicily and Sardinia, are dark red. A small area on the eastern coast of Gaul is shaded pink. The southern tip of the Italian peninsula is a lighter blue color. Macedonia is colored orange.

Public Domain

Roman controlled areas are red and their allies are shaded pink. Carthage controlled the areas in dark blue, and its allies are shaded light blue.

Which conclusion can be drawn about the Second Punic War from the information in the map? (4 points)

a
Rome had established firm control of the Italian peninsula prior to the Second Punic War.

b
The Roman's allies played a key role in their victory on the Italian peninsula.

c
Rome was also at battle with the Carthaginians over territory in the Eastern Mediterranean.

d
Rome had enemies both on the Italian peninsula and in North Africa.

Answers

Answer:

B

Explanation:

This is the answer because

Describe the sources of education law​

Answers

Answer:

Hold my coffee!!

Explanation:

brainliest answer I am done

why do you think France has most power assigned to their president?

Answers

The president may dissolve the French National Assembly. The president may refer treaties or certain types of laws to popular referendum, within certain conditions (among them the agreement of the prime minister or the Parliament). The president is the chief of the Armed Forces.


What is the lowest night time temperature do you need tomato need to produce tomatoes?
32
65
55

Answers

Answer:

33

Explanation:

Although tomato plants can survive temperatures down to 33

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