GHA4

Please respond to each question in your own words.  Avoid sentence fragments. Use correct grammar and punctuation.

  1. 1.Discuss the reason why an individual may seek to maintain assets in a qualified plan rather than roll them over into an IRA.
  1. 2.If an individual has assets in a Traditional IRA but seeks to roll them over into a Roth IRA, discuss the taxation issues to be considered.
  1. 3.Life insurance is traditionally used in estate planning. Can life insurance be part of a qualified plan? What are the limits on this kind of arrangement in a Defined Benefit plan?
  1. 4.What are the limits on using life insurance in a Defined Contribution plan?
  1. 5.How are death benefits to a beneficiary taxed when the life insurance policy was held within a qualified plan? How does this differ from a policy that was held outside the plan?

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