Question

in 2023, shauna received a distribution from her 401(k) account this year. in which of the following situations will shauna be subject to an early distribution penalty? multiple choice shauna is 60 years of age but not yet retired when she receives the distribution. shauna is 58 years of age but not yet retired when she receives the distribution. shauna is 56 years of age and retired when she receives the distribution. shauna is 69 years of age but not yet retired when she receives the distribution.

Explanation:

Early - distribution penalties for 401(k) accounts generally apply if withdrawals are made before age 59.5 unless certain exceptions are met. Shauna at 58 years old and not retired does not meet the age - based exception for penalty - free withdrawal.

Answer:

Shauna is 58 years of age but not yet retired when she receives the distribution.