Question

which retirement plan(s) do not come with a guaranteed benefit at retirement?
i. 401(k)
ii. fixed annuity
iii. roth ira
iv. traditional ira
ii, iii
iii, iv
i, iii, iv
i, ii

Explanation:

• A 401(k)’s value depends on investment performance, so no guaranteed benefit.
• A fixed annuity does have a guaranteed benefit (it’s in the name, fixed payments).
• Roth IRA and Traditional IRA values depend on investments (e.g., stocks, bonds), so no guaranteed retirement benefit. So I (401(k)), III (Roth IRA), IV (Traditional IRA) lack guaranteed benefits.

Answer:

I, III, IV