Question 1
Kyle took early retirement in 2014, at age 54. He requested the entire $60,000 account balance in his profit sharing plan be paid out to him.
Kyle participated in the plan since 1992. Identify the tax treatment for each of the following circumstances:
1. Kyle deposits the distribution check into a regular investment account.
2. Kyle deposits the distribution check into a new rollover IRA account within the 60-day time.
3. John arranges with the plan administrator to transfer his qualified plan account directly to an IRA he has just established.
Question 2
Write a 525- to 700-word summary on the ways in which restructuring a health care plan can produce real financial returns.
Consider and apply your knowledge of the costs and the benefits of changes and how these may boost productivity
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