11.Unless a retirement distribution is rolled over to another eligible retirement plan, a distribution from a Qualified Retirement Plan is taxable as ordinary income in the taxable year in which it is received.

True

False

12.It is generally recommended that distributions from an employer-sponsored Qualified Retirement Plan be made to an IRA.

True

False

13.A participant who receives a distribution from an employer sponsored Qualified Retirement Plan and an IRA prior to age 59 is potentially subject to a 25% penalty.

True

False

14.Premature distribution penalties may be avoided if the individual takes substantially equal periodic payments (SEPP). To avoid the penalty, SEPPS must be made at least annually and:

a. Must continue until the individual turns age 70

b. Must continue for at least five years

c. May be any amount

d. Must be calculated using the Life Expectancy Method

15.Upon age 70 , an individual may make a contribution directly to a qualified charity without incurring income tax.

True

False