Q 1.• Rohan, an accountant, chooses to participate in his company's defined contribution plan instead of a traditional IRA or a Roth IRA. His company will match the first 5% of what Rohan contributes. Is Rohan's decision productive? Why or why not? 2. Which of the following people can withdraw earnings from a traditional IRA without paying the 10% penalty? 3. Anthony and his son Nithin are co-owners of a brokerage account. The property title is such that the ownership of the brokerage account transfers automatically to the other in case of death. Which type of property title do they have? 4. Which of the following statements is true of the residual clause in a will? 5. • Which of the following statements is true of a health care proxy?
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