Question: Robin began taking required minimum distributions from her profit sharing plan several years ago. Robin died after suffering a heart attack on January 2 nd
Robin began taking required minimum distributions from her profit sharing plan several years ago. Robin died after suffering a heart attack on January nd this year. She had named her twin sister Johanna as beneficiary of her profit sharing plan. Which of the following statements is false?
AJohanna may take a full distribution of the profit sharing plans assets in the year of Robin's death.
BAfter Johanna's death, her named beneficiary will need to distribute the balance of the account within years of Johanna's death.
CRobins sister must take a distribution of the profit sharing plan account balance by the end of the fifth year after the year of her death.
DThe required minimum distribution can be taken over Johanna's life, the year following Robin's death.
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