Mr. and Mrs. Walker are advisory clients of yours. Each of them is employed and covered by a qualified plan. Which of the following statements are CORRECT?
Employees covered by a qualified plan are not eligible to open Roth IRAs.
Employees covered by a qualified plan are eligible to open Roth IRAs.
Distributions from a qualified plan may be rolled over into a Roth IRA.
Distributions from a qualified plan may not be rolled over into a Roth IRA.
A) I and III.
B) II and IV.
C) II and III.
D) I and IV.
Answer: C