What Is the Maximum Amount a First-Time Home Buyer Who

question 47

Multiple Choice

What is the maximum amount a first-time home buyer who is not 59 years old can withdraw from an IRA without penalty?

• A) $25,000
• B) $15,000
• C) $10,000
• D) $ 5,000
• E) $ 2,000

---

Definitions:

Physical

Relating to the body as opposed to the mind or emotions.

Teratogens

Agents or factors that can cause malformation or defects in an embryo or fetus during pregnancy.

Prenatal Development

The process of growth and development within the womb from conception to birth, involving critical stages for physical and neurological formation.

Poverty

Economic condition characterized by a lack of financial resources or essentials for a minimum standard of living.