Which of the following is not a characteristic of a rollover? Select one: A). An

Question

Which of the following is not a characteristic of a rollover?

Select one:

A). An eligible qualified plan distribution may be rolled over to another qualified plan, TSA, SEP, IRA, or governmental 457 plan that accounts for such rollovers separately.

B) . If a qualified plan distribution is made due to the participant's death, the surviving spouse may roll the distribution into another qualified plan, TSA, SEP, IRA, or governmental 457 plan that accounts for such rollovers separately.

C) . Amounts rolled over from a qualified plan to an IRA and subsequently distributed to the participant will be taxed according to the rules that apply to the original qualified plan.

D). A rollover generally must be completed within 60 days of the distribution.

E). A rollover may be made with a qualified plan distribution following a separation from service at any age

Explanation / Answer

E).A rollover may be made with a qualified plan distribution following a separation from service at any age.

For IRA rollover one must have reached the retirement age of 59 and half years if he dont want to pay early withdrawal penalties.so it can be said that agr 59 and half is the minimum age for rollover without any penalties

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