Scott,age 68,has accumulated $850,000 in a defined contribution plan,$100,000 of which represents his own after-tax contributions.If the full amount is distributed in 2014,his early distribution penalty is:
A)$0.
B)$75,000.
C)$85,000.
D)$127,500.
E)None of these.

Question

Quizplus · Accepted Answer

There is no penalty on the distribution since it is not an early distribution .

Scott,age 68,has Accumulated $850,000 in a Defined Contribution Plan,$100,000 of Which