Ask Question
BusinessBusiness
11 November, 23:40

Erica is 35 years old and owns an ira. at what age can she begin to receive distributions without a tax penalty?

+3
Answers (1)
  1. 12 November, 03:17
    0
    The contributions you make to a traditional Individual Retirement Account (IRA) may entitle you to a tax deduction each year. It is tax-deferred, meaning it allows an individual to save for retirement with tax-free growth. At the age of 59 ½, Erica will begin to receive distributions without a tax penalty.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Erica is 35 years old and owns an ira. at what age can she begin to receive distributions without a tax penalty? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
You will receive annual payments of $800 at the end of each year for 12 years. The first payment will be received in Year 3. What is the present value of these payments if the discount rate is 7 percent?
Answers (1)
Which of the following statutes applies to the hacking of another's computer or accounts? a. CAN-SPAM b. The Stored Communications Act c. The Unauthorized Access Computer Crimes d. Electronic Privacy Communications Act
Answers (1)
Besides the cost of an education, what additional expenses must students pay? Check all that apply. housing meals supplies textbooks tuition
Answers (1)
Which of the following statements are True? 1. The Wilshire 5000 is more broad based than the S&P 500. 2. The S&P 500 stock index is value-weighted. 3. The Russell 3000 is a broad-based measure of bond prices. 4.
Answers (2)
Anderson Company acquires Thompson Company by paying $30 million in cash. The fair value of the identifiable assets acquired is $38 million. The fair value of the identifiable liabilities acquired is $6 million.
Answers (1)
New Questions in Business
Following the completion of the bank reconciliation, an adjusting entry was made that debited cash and credited Interest Revenue. Therefore the bank reconciliation must have included an item that was: A.
Answers (2)
Which of the following is least likely to be a factor in developing a sales forecast? a. Number of salespeople employed by the firm's major competitors b. Geographic area in which the product is sold c. Entire product line d.
Answers (1)
Should you use a personal website, such as a blog, for research? Question 20 options: True False
Answers (1)
Calculating the number of periods. at 4.7 percent interest, how long does it take to double your money? to quadruple it?
Answers (1)
What tool does the US government use to keep track of inflation throughout the years
Answers (1)
Home » Business » Erica is 35 years old and owns an ira. at what age can she begin to receive distributions without a tax penalty?
Sign Up Forgot Password?