Question: a. Describe the basic characteristics of a Section 401(k) plan. b. What is a Roth 401(k) plan? c. Describe the basic characteristics of a Section

a. Describe the basic characteristics of a Section 401(k) plan.
b. What is a Roth 401(k) plan?
c. Describe the basic characteristics of a Section 403(b) plan (also called a tax-sheltered annuity).

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