Question

Which retirement plan(s) is not managed by the individual policyholder?

i fixed annuity
ii pension plan
iii roth ira


iv social security


O i, ii, iv
O i, ii, iii
O ii, iii, iv
O i, iii, iv

Answer 1

The retirement plan(s) that is not managed by the individual policyholder is: Option O iii, iv.

Step-by-step explanation:

In this question, the retirement plan(s) that is not managed by the individual policyholder is:

Option: O iii, iv

Roth IRA: A Roth IRA is an individual retirement account that is managed by the individual policyholder. Contributions to a Roth IRA are made with after-tax dollars, and withdrawals in retirement are generally tax-free.

Fixed Annuity: A fixed annuity is a retirement plan that is also managed by the individual policyholder. It is an insurance contract that guarantees a fixed income stream over a specified period of time or for the rest of the policyholder's life.

Pension Plan: A pension plan, also known as a defined benefit plan, is a retirement plan that is managed by the employer. The employer contributes funds to the worker's pension account, which is then used to provide retirement benefits to the employee.

Social Security: Social Security is a retirement plan that is managed by the government. It is a pay-as-you-go system in which current workers contribute to the Social Security fund, and those funds are used to provide benefits to current retirees.