Question
Kyle, who is 60 years old, is getting ready to retire in a couple of months from RPC, a publically traded company. He has contributed
Kyle, who is 60 years old, is getting ready to retire in a couple of months from RPC, a publically traded company. He has contributed to his 401(k) plan for the last 35 years. RPC matches employee contributions with RPC stock. Kyle has kept the stock in the plan over the last 35 years. Which of the following is correct about what to do with the assets upon his retirement?
| a. | Kyles best option is to rollover the qualified assets into a self-directed IRA | |
| b. | Kyle should take a lump-sum distribution of the stock and rollover the rest of the funds to an IRA | |
| c. | Kyle should consider ten year averaging for his distribution | |
| d. | None of the above |
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