Exam (elaborations)
GA Life/Health Insurance Exam / Revised Questions and Answers / Sure A+
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A 60-year-old participant in a 401(k) plan takes a distribution and rolls it over to an IRA within 60 days. Which of the following is true? a) No taxes are due since the plan participant is over age 59 1/2. b) There is a 10% early withdrawal penalty. c) The amount distributed is subject to o...
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