In general, when funds are distributed from a qualified retirement plan, the recipient of the distribution will have taxable income and the entire distribution is taxed at the recipient's ___________ at the time of the distribution.

Question 28 options:

1)	Qualified dividend tax rate

2)	Long term capital gains tax rate

3)	Ordinary income tax rate

4)	None of the options listed

Which of the following refers to the amount of money needed in retirement as a percentage of income earned prior to retirement?

Question 40 options:

1)	Retirement needs analysis

2)	Monte carlo ratio (MCR)

3)	Retirement income ratio (RIR)

4)	Wage replacement ratio (WRR)

Which of the following refers to the combination of OASDI and Medicare tax paid by an employee and employer on an employee's compensation?

Question 41 options:

1)	Ordinary income tax

2)	Qualified dividend tax

3)	Excise tax

4)	Payroll tax

Any qualified plan that includes a _______, such as a 401(k) plan, must also satisfy the _______.

Question 43 options:

1)	CODA; ACP and the ADP tests

2)	Cliff vesting schedule; ACP test

3)	Graduated vesting schedule; ADP test

4)	CODA; unit credit formula

___________ is responsible for the majority of variation in returns within the portfolio and is a critical element in retirement planning.

Question 46 options:

1)	Capital structure

2)	Asset location

3)	Asset allocation

4)	Capital budgeting