What is a 414(h) Retirement Plan?

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The 414(h) retirement plan is only available to whom?

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1. How do you contribute to a 414(h) plan?

2. When do you pay taxes on your 414(h) contributions?

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About This Quiz & Worksheet

Using the worksheet and quiz, you can see what you know about 414(h) retirement plans. You need to know how they work and who they're available to in order to pass the short quiz.

Quiz & Worksheet Goals

You'll get to assess your knowledge of:

  • Ways to contribute to a 414(h) plan
  • Who can receive one of these plans
  • The tax benefit of contributing to a 414(h) retirement plan
  • When you pay taxes on 414(h) contributions

Skills Practiced

  • Information recall - access the knowledge you have gained about calculating taxable income regarding 414(h) contributions
  • Reading comprehension - ensure that you draw the most important details from the lesson on 414(h) retirement plans
  • Interpreting information - verify that you can read information about who can receive a 414(h) plan and interpret it correctly

Additional Learning

Learn more about these plans by using the lesson called What is a 414(h) Retirement Plan? Other topics you can explore include:

  • Difference between 414(h) retirement plans and 401(k) plans
  • The downsides of 414(h) retirement plans
  • How 414(h) contributions work
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