In january, donna’s dad, who is 75 years old, agreed in an email with his financial advisor that he wanted to take a distribution of $50,000 from his ira and roll it over into a new ira. his financial advisor inadvertently moved the funds into a taxable account. this mistake was discovered by the advisor at the end of the year. as a result, the $50,000 will be treated as a taxable distribution. what should donna’s dad do?

I believe this shouldn't affect him since he is 75 years old, past the 65 retirement age. So the $50K from this IRA can be withdrawn tax free. If he moved the funds to a checking account BEFORE 65, then it would be taxable. Check with a financial advisor.

i believe that it is a 45% chance.

explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.