Unformatted text preview: year are 4. 3. Are income taxes paid on your social security benefits? a. Yes 4. What is meant by the term “rollover”? a. The term roll over means that if the money in an account is not fully withdrawn by the age of 30 the money can be rolled over in a younger siblings account. 5. Timing is so essential to retirement. If you want to have a huge account number when your older, your going to want to time the market as well as you can. Its all about timing, you cant start saving when your 50 you will be working the rest of your life....
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- Spring '11
- Personal Finance, social security benefits