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Michael Patton Advising: How Well Do You Understand Retirement Plan Rules?

Thursday, June 10, 2021 @ 12:06 AM

Posted by Joanne Bauer

Michael-Patton-new-e1545260474797-1024x933 (1)CLARION, Pa. (EYT) – Michael Patton, of Patton Financial Advising, submitted the following article: How Well Do You Understand Retirement Plan Rules?

Qualified retirement plans, such as IRAs and 401(k)s, have many rules, and some of them can be quite complicated. Take the following quiz to see how well you understand some of the finer points.

1. You can make an unlimited number of retirement plan rollovers per year.
A. True

B. False
C. It depends

2. If you roll money from a Roth 401(k) to a Roth IRA, you can take a tax-free distribution from the Roth IRA immediately as long as you have reached age 59½.
A. True
B. False
C. It depends

Read the full article here:

Patton Financial Advising
51 N. 4th Avenue
Clarion, PA 16214

Toll-free 1-877-547-2751

Visit website:

Securities offered through Cetera Financial Specialists LLC, member FINRA/SIPC. Advisory services offered through Cetera Investment Advisers LLC. Cetera entities are under separate ownership f any other entity.

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