brimccauley673 brimccauley673
  • 02-03-2020
  • Social Studies
contestada

Penalties are applied if money is withdrawn from a retirement account before retirement age. Please select the best answer from the choices provided T F

Respuesta :

andriansp andriansp
  • 09-03-2020

Answer:

True

Explanation:

The fund in retirement account typically can be obtained between the age of 59-65, depending on which retirement plan you use.

For IRA, you can withdraw it by the age of age 59 . If you decided to withdraw the money before that age, you are required to pay a 10% penalty tax From the total amount you accumulated.

Answer Link

Otras preguntas

which two countries have the largest footprint per person
Can someone help me plz
what side (Allied or the central powers ) did most Americans support during the war?​
Suppose Destiny and Megan volunteered to bake cupcakes for a bake sale to raise money for their school. Destiny works 1.2 times as fast as Megan. When they work
help and please explain​
PLEASEEEEEEE HELPPPPPP ASAPPPP
the ratio of refillable bottles to disposable bottles is 7:3 if there's 21 refillables bottles how many disposable bottles are there
How can you tell the difference between a half step and a whole step?
Incentives help us make economic choices. True False
El jardín de la casa cuesta cuatrocientos mil quinientos sesenta euros. 300.650 400.560 300.560 400.650