Which of the following statements are TRUE regarding contributions to 403(b) tax deferred annuities and the distributions from these plans after age 59 1/2?
Which of the following statements are TRUE regarding contributions to 403(b) tax deferred annuities and the distributions from these plans after age 59 1/2?
I Contributions are made with before tax dollars
II Contributions are made with after tax dollars
III Distributions are 100% taxable
IV Distributions are tax free
A. I and III
B. I and IV
C. II and III
D. II and IV
Answer: A.
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