which retirement plan(s) is not managed by the individual policyholder?\n\ni. fixed annuity\nii. pension…

which retirement plan(s) is not managed by the individual policyholder?\n\ni. fixed annuity\nii. pension plan\niii. roth ira\niv. social security\n\ni, ii, iv\ni, ii, iii\nii, iii, iv\ni, iii, iv

which retirement plan(s) is not managed by the individual policyholder?\n\ni. fixed annuity\nii. pension plan\niii. roth ira\niv. social security\n\ni, ii, iv\ni, ii, iii\nii, iii, iv\ni, iii, iv

Answer

Brief Explanations:

To determine which retirement plans are not managed by the individual policyholder, we must evaluate the management structure of each option:

  • I. Fixed Annuity: While the individual purchases the contract, the insurance company manages the underlying investment portfolio to guarantee a fixed payment. The individual does not manage the investments.
  • II. Pension Plan: These are typically defined-benefit plans managed by an employer or a fund manager. The individual employee has no control over how the assets are invested.
  • III. Roth IRA: This is an Individual Retirement Account. The policyholder is responsible for opening the account, choosing the specific assets (stocks, bonds, etc.), and managing the portfolio.
  • IV. Social Security: This is a federal program managed by the government. Individuals contribute through taxes but have no management authority over the Social Security Trust Funds.

Since I, II, and IV are managed by third parties (insurance companies, employers, or the government) rather than the individual, they fit the criteria.

Answer:

I, II, IV