Which of the following is an unforeseeable emergency that would permit distributions from a Section 457 plan?

The benefit is taxable to the employee when the DBO plan is purchased.

Travel to and from home to a second job is tax deductible.

Jane Qualy, an employee of Brighton Enterprises, and her husband Jim met with Alice Mony, a financial planner at Brighton. Jane and Jim talked with Alice about ways to fund their children’s education and the asset allocation in Jane’s 401(k) plan at Brighton. These financial planning services are considered as income and taxable to Jane.

To gain a tax advantage, an employer must make dependent care assistance available to all employees in a nondiscriminatory manner. This means that no employee can be excluded.

A profit sharing plan may provide some death benefits.

Which of the following is an unforeseeable emergency that would permit distributions from a Section 457 plan?

Jim Tandy, age 65, will retire next month from Algor Industries. Last month, Jim withdrew $40,000 from his qualified retirement savings plan at work. Before the withdrawal, Jim had an account balance of $500,000. While employed at Algor, Jim made $100,000 of after-tax contributions to his retirement plan. The taxable portion of his withdrawal is

Tara designated a trust as beneficiary of her IRA. The following are beneficiaries of the trust at Tara’s death: her spouse (age 70), her brother (age 72), her daughter (age 50), and her son (age 48). The life expectancy of which trust beneficiary is used to determine required minimum distributions?

Advantages of rolling a qualified plan over to an IRA include