Question: True/False: 1- The expense method is more accurate than the replacement ratio method for estimating retirement income needs? 2- Ira D. Posit, age59, withdrew money

True/False:

1- The expense method is more accurate than the replacement ratio method for estimating retirement income needs?

2- Ira D. Posit, age59, withdrew money from his IRA to pay for a niece's college expenses. Ira must pay income tax but, no penally tax on the amount withdrawn?

3- Alice, age 60, has a 6 year old Roth IRA. Alice can withdraw her initial investment and all investment income and gains tax free?

4- Social Security was designed to serve as an adequate retirement plane for those with no other retirement savings?

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