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An employee takes all her money from her Traditional 401k at age 50. Which of the following could she do to avoid paying a penalty?
An employee takes all her money from her Traditional 401k at age 50. Which of the following could she do to avoid paying a penalty?
I. Put the money in a traditional IRA.
II. Put the money in a Roth IRA while after paying the required taxes.
III. Buying an annuity from a life insurance company
A. I & III
B. I & II
C. I, II, & III
D. II & III
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