Carl Meyer, age 56, terminated his employment with his corporate employer because he wanted to begin a second career as a freelance photographer. If Carl withdraws funds from his employer-sponsored qualified plan, he will pay the 10% premature withdrawal penalty.
Answer the following statement true (T) or false (F)
False
The withdrawal is not subject to penalty because Carl has reached age 55 and terminated employment with the plan sponsor.
You might also like to view...
In ________, cost does not enter directly into the calculation of sample size
A) stratified sampling B) simple random sampling C) cluster sampling D) A and C are correct
Cost-volume-profit analysis assumes costs and revenues have a close linear approximation
Indicate whether the statement is true or false
Andy is experiencing excessive or undesirable constraints that interfere with his ability to achieve goals. Andy is experiencing ______.
A. eustress B. challenge-related stress C. goal stress D. hindrance-related stress
A scatter diagram for a time series may be plotted on a two-dimensional graph with the horizontal axis representing the variable to be forecast (such as sales)
Indicate whether the statement is true or false