The Amount of the Minimum Required Distribution from an IRA

question 145

True/False

The amount of the minimum required distribution from an IRA at age 70-1/2 is based on your life expectancy at the time of the distribution.

---

Definitions:

Resources

Assets or inputs used in the production of goods and services, such as labor, capital, and natural resources.

Opportunity Cost

The loss incurred by rejecting the immediate best alternative when arriving at a decision.

Fix A Meal

The process of preparing and cooking a meal.

Better Off

A term indicating an improvement in condition or well-being, often referring to economic improvement or increased welfare.