Qualified retirement plans must meet certain requirements to receive favorable federal income-tax treatment. Briefly explain each of

Question:

Qualified retirement plans must meet certain requirements to receive favorable federal income-tax treatment.
Briefly explain each of the following:
a. Minimum age and service requirements
b. Vesting provisions
c. Limitations on contributions and benefits
d. Early tax penalty

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...