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1.
You may not begin taking normal retirement distributions from your IRA until you reach age 59½.
True. Age 59½ is the minimum allowable age to take normal distributions.
2.
When it comes time to withdraw from your IRA for retirement, you can elect an IRA distribution method in which your IRA periodically sells plan assets.
True. It will sell assets and distribute the proceeds to you.
3.
The annuity method provides only for the distribution of dividends.
False. The money it takes from a fund includes principal as well as all earnings.
4.
Which of the following is not an option for taking IRA distributions?
Systematic loan payments. Payments may not be made as loans.
5.
IRA contributions that were not taxed when you made them are taxable when you withdraw them.