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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 a. The term roll over means that if the money in an account is not fully withdrawn by the age of 30 the money can be rolled over in a younger siblings account. 5.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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This note was uploaded on 04/27/2011 for the course FIN 101 taught by Professor Daly during the Spring '11 term at Salt Lake Community College.
- Spring '11
- Personal Finance