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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