Are you having trouble answering the question “A company has decided to terminate its retirement plan and is going to make lump sum distributions to its employees. In order to defer taxation on the distribution, the employee may:”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.
A company has decided to terminate its retirement plan and is going to make lump sum distributions to its employees. In order to defer taxation on the distribution, the employee may:
A. buy tax exempt municipal bonds
B. buy a single premium deferred annuity
C. roll over the funds into an Individual Retirement Account within 60 days
D. establish a UGMA account within 60 days
Answer: C.
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