Answered: By naming a beneficiary for your…

By naming a beneficiary for your retirement account, the assets will bypass probate. reduce your income taxes. reduce your estate taxes. bypass estate taxes.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

By naming a beneficiary for your retirement account, the assets will

bypass probate.

reduce your income taxes.

reduce your estate taxes.

bypass estate taxes.

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Similar questions

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When a person is not spending on current consumption or taxes, and gives up some current consumption for future consumption, it is called capital. transaction costs. saving. income.

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