Purpose

This assignment is intended to help you learn to do the following:

Describe features and proper use of Simplified Employee Pensions (SEPs).

Identify features and rules of SIMPLE, 403(b), and 457 plans.

Compare and contrast qualified plans with other tax-advantaged plans.

Determine how SIMPLEs work and when they should be considered.

Identify impacts of distribution choices on retirement needs.

Action Items

Make sure that you study Chapter 9 in the textbook before you start working on this assignment.

Respond to the following questions in Chapter 15 in your textbook:

Item Set 8: Simple IRAs Questions 1-4.

Item Set 9: SEPs Questions 1-3.

Submit your completed assignment by Sunday.