Which of the Following Is an Exception for Withdrawing Money

question 44

Multiple Choice

Which of the following is an exception for withdrawing money early from your IRA without penalty?

• A) Purchase of a new home.
• B) Qualified education expenses.
• C) Death or disability.
• D) All of these answer choices are correct.

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Definitions:

OSHA

The Occupational Safety and Health Administration, a U.S. agency responsible for ensuring safe and healthy work conditions.

Safe Working Conditions

Work environments that minimize risks of accidents or harm, adhering to health and safety standards.

Employers

Individuals or organizations that hire people to perform work in exchange for compensation.

Supremacy Clause

Article VI, Section 2 of the U.S. Constitution, which allows a Supreme Court ruling to be binding on state courts if involving a constitutional issue. The clause reads: “This Constitution, and the Laws of the United States which shall be made in pursuance thereof; and all treaties made, or which shall be made, under the authority of the United States, shall be the supreme law of the land; and the judges in every state shall be bound thereby, anything in the Constitution or laws of any state to the contrary notwithstanding.”