Match each term with the correct statement below.

a. Roth IRA
b. 401(k) plans
c. 403(b) plans
d. Keogh plans
e. defined benefit plan
f. defined contribution plan
g. Part A
h. Part B

1. Retirement plans for self-employed individuals that allow tax-deductible contributions
2. Straight salary reduction plans provided by private employers
3. The Medicare plan that provides just basic hospitalization for up to 150 days
4. A pension plan that specifies how much the employer will contribute to an individual’s retirement account
5. A salary reduction plan used in educational, religious, or charitable organizations
6. A pension plan that specifies a specific amount of retirement benefits


1. D) Keogh plans
2. B) 401(k) plans
3. G) Part A
4. F) defined contribution plan
5. C) 403(b) plans
6. E) defined benefit plan

Business

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