Question

In: Finance

Which of the following reasons for an early distribution from an IRA is NOT an exception...

Which of the following reasons for an early distribution from an IRA is NOT an exception to the 10% penalty?

Made on or after the account owner attains age 59½

Early distributions made for qualifying medical expenses exceeding 10% of the account owner’s AGI

The plan owner becomes totally and permanently disabled

A distribution made after age 55 and separation from service with an employer

Solutions

Expert Solution

A distribution made after age 55 and separation from service with an employer reason for an early distribution from an IRA is NOT an exception to the 10% penalty


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