Retirement Accounts

Question 1

T/F

Capital gains and dividends reinvested into retirement accounts are tax-deferred.

Answer 1

True

Question 2

IRA distributions cannot be made before age ____ without a penalty.

Answer 2

59 ½.

Question 3

IRA withdrawals before the minimum age can be made only under conditions of _________ or _________.

Answer 3

Termination of employment or hardship

Question 4

IRA distributions must begin before age _______.

Answer 4

70 ½.