Multiple Choice
Which of the following is true with respect to an IRA?
A) Every IRA must have a trustee or custodian
B) The individual's interest must be forfeitable
C) Investments may not be made in highly speculative investments
D) Distribution must begin when annuitant is 70½ years old or the IRS will impose a penalty tax
E) A, C, and D
Correct Answer:
Verified
Correct Answer:
Verified
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