Employees can withdraw money from defined contribution retirement plans befor the age of 59.5
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The false statement regarding defined contribution retirement plans is that they guarantee a specific benefit amount upon retirement. Defined contribution plans, such as 401(k) or Individual Retirement Accounts (IRAs), do not provide a guaranteed benefit amount at retirement, as the final amount depends on contributions, investment performance, and other factors.
False. The statement provided does not directly correlate with the health and economic status of old people compared to young people in the year 2010. Many factors contribute to the health and economic well-being of individuals, and age is just one of them. It is important to consider various social, economic, and healthcare factors when making such comparisons.
True. Perception can vary from person to person based on individual experiences, beliefs, values, and perspectives. This means that two people can perceive the same situation differently.
Medicaid is a great society program that provides healthcare coverage for low-income individuals of all ages, not just the elderly. It was established along with Medicare to address the healthcare needs of vulnerable populations in the United States.
True. Aging can lead to changes in the function of all body systems, including the cardiovascular, respiratory, musculoskeletal, and nervous systems. These changes can include a decline in organ function, reduced capacity for physical activity, and increased risk of chronic diseases.
A) Compulsive. Addiction involves a strong, compulsive urge to engage in a behavior or consume a substance despite negative consequences. It often involves a loss of control over the behavior and an intense craving for the substance or activity.