SIE Exam Practice Question 207
Question: 207
An individual who withdraws a lump sum from a qualified plan can avoid income taxes and penalties if the entire amount is rolled over into a traditional IRA within _______ days.
Correct Answer: C
Explanation:
An individual who withdraws a lump sum from a qualified plan can avoid income taxes and penalties if the entire amount is rolled over into a traditional IRA within 60 days.
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