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.