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Which of the following distributions from a defined contribution plan would not be subject to a premature distribution penalty? Tyler, who is 28, leaves his
Which of the following distributions from a defined contribution plan would not be subject to a premature distribution penalty?
Tyler, who is 28, leaves his current employer and has all the funds in his 401k distributed directly to him. | ||
Marie, who is 57 and still working for her employer, takes a $10,000 distribution from her 401k. | ||
Kim, who is 33 and files a joint return with her husband, takes a $3,000 distribution to pay for new carpet. | ||
None, all would be subject to a penalty. |
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