Instructions : Choose the Word or Phrase in [ ]

question 10

Short Answer

Instructions : Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
Money can be withdrawn from tax-deferred retirement accounts beginning at age [ 59½  | 62½ ] without penalty.

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Definitions:

Dividend Income

Earnings received from owning shares in a company, typically distributed from the company's profits.

Dividend Income

Income received by shareholders from the profits distributed by a company, usually in the form of cash payments.

Net Loss

The amount by which expenses exceed revenues.

Net Income

The amount of money remaining after all operating expenses, taxes, and dividends have been subtracted from total revenue.