Retired Taxpayers Over 59½ Years of Age at the End

question 166

True/False

Retired taxpayers over 59½ years of age at the end of the year must receive minimum distributions from defined contribution plans or they are subject to a penalty.

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Definitions:

Us-Them Hostility

A form of social or group bias where an in-group harbors negative feelings and attitudes towards an out-group, often leading to conflict.

Interdependence

A mutual reliance between two or more groups, organisms, or objects, where each affects or depends on the others.

Familiarity Effect

The tendency of people to feel more positive toward a person, item, product, or other stimulus the more familiar they are with it.

Positive Toward

Positive toward is not a recognized psychological or scientific term and may be a typographical error or miscommunication. NO.