1. IRAs are exempt from creditor's claims by ERISA. T/F?
True
False
2. Employer contributions to SEPs are discretionary and do not have to be made each year. T/F?
True
False
3. Burt is 55 and is covered by his employer's SIMPLE IRA plan. In 2018, he earned $75,000. What is the maximum contribution that Burt can make to his SIMPLE IRA in 2018?
$15,500
$18,500
$15,000
$12,500
$25,000