Sam recently died at age 63, leaving an IRA with a FMV of $200,000 to his wife, Susan (age 55), who was the only designated beneficiary. Susan has no IRA of her own. Which of the following statements regarding Sam's IRA is CORRECT?

Question 5 options:

1)	Susan can receive distributions over her remaining singlelife expectancy, recalculated each year.

2)	Susan must receive the entire account balance within 5 years of Sam's death.

3)	Susan must begin taking distributions over Sam's remaining singlelife expectancy.

4)	Susan can receive a distribution from the IRA now but will be subject to a 10% early withdrawal penalty.

Question 6 (3 points)

The qualified joint and survivor annuity (QJS*A) form of payment is a requirement for a vested participant in which of the following types of retirement plans?

Question 6 options:

1)	A defined benefit pension plan

2)

An IRA

3)

An ESOP

4)	An ageweighted profit sharing plan

Question 7 (3 points)

Under the minimum distribution regulations, in cases in which the designated beneficiary is not the surviving spouse, over what timeframe must benefits from a qualified retirement plan or IRA generally be distributed subsequent to the death of a participant who has not yet begun receiving required minimum distributions?

Question 7 options:

1)	Over the beneficiary's life expectancy as of the requisite beginning date

2)	By December 31 of the 3rd year after the participant's death

3)	At least as rapidly as distributions were being made prior to the participant's death

4)	Over whatever time period is assigned the distribution per probate court order