1. If you have a 401(K) plan you are required to begin making withdrawals from the plan on April first of the year after you turn 70.5 years of age. True or False?
2. A 401(K) plan is a good substitute for a life insurance policy. True or False?
3. If you contribute to a 401(K) defined contribution plan your wealth grows at the six month U.S. Treasury bill (t-bill) rate. True or False?