Beneficiary for her profit sharing plan

Assignment Help Financial Management

Reference no: EM131523928

Robin began taking required minimum distributions from her profit sharing plan in several years ago. Last year, Robin died after suffering a heart attack. She did not have a named beneficiary for her profit sharing plan. Which of the following statements is false?

a) Robin's estate may take a full distribution of the profit sharing plan's assets in the year of her death.

b) In the year of Robin's death the minimum required distribution will be equal to the minimum required distribution had Robin not died.

c) Robin's estate must take a distribution of the profit sharing plan account balance by the end of the fifth year after Robin's death.

d) The required minimum distribution for years subsequent to Robin's death will be calculated utilizing the factor according to Robin's age reduced by one in each succeeding year.

Reference no: EM131523928

Questions Cloud

Changing original investment to dollar gain or loss : changing "original investment" to "dollar gain or loss"

What must be the face value of two zeros to fund the plan : What must be the face value of the two zeros to fund the plan?

Calculate the one year total rate of return for three bonds : Calculate the one year total rate of return for the three bonds.

Calculate the annual return and expected return : What is the expected return of the 20-year bond. Calculate the annual return for the 30-year maturity bond over the next five years.

Beneficiary for her profit sharing plan : Robin died after suffering a heart attack. She did not have a named beneficiary for her profit sharing plan.

Trade-off between the higher interest rates : What does it mean when there is a trade-off between the higher interest rates in Thailand

Determine the most economical equipment life : Determine the most economical equipment life to minimize the EUAC (Equivalent Uniform Annual Cost).

Find the hedge ratio for put option : Find the hedge ratio for a put option

Outstanding professional reputation to perform the operation : Margo would like a different surgeon with an outstanding professional reputation to perform the operation.

User Account

All Pages