Home > Retirement > Intermediate
Retirement Intermediate: IRA Distributions

Test your knowledge

Choose wisely. There is only one correct answer to each question.

0%
Keep studying!
Review your answers below to learn more.
1.
Which of the following is not an option for taking IRA distributions?
Choose wisely. There is only one correct answer.
Systematic loan payments. Payments may not be made as loans.
2.
You may not begin taking normal retirement distributions from your IRA until you reach age 59½.
Choose wisely. There is only one correct answer.
True. Age 59½ is the minimum allowable age to take normal distributions.
3.
At age 59½, you must begin taking distributions from your individual retirement account.
Choose wisely. There is only one correct answer.
False. At 73, you are required to start taking distributions. You have the option of taking them when you reach 59½.
4.
IRA contributions that were not taxed when you made them are taxable when you withdraw them.
Choose wisely. There is only one correct answer.
True. They must eventually be taxed.
5.
The annuity method provides only for the distribution of dividends.
Choose wisely. There is only one correct answer.
False. The money it takes from a fund includes principal as well as all earnings.