SIE Exam Question 674: Answer and Explanation

Question: 674

Which of the following is the typical limit on the term of a loan from a qualified retirement plan?

  • A. 1 year
  • B. 2 years
  • C. 5 years
  • D. 10 years

Correct Answer: C

Explanation:

The typical limit on the term of a loan from a qualified retirement plan is 5 years.

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