Which of the Following Is Not an Exception to the 10

question 9

Multiple Choice

Which of the following is not an exception to the 10% early withdrawal penalty of a traditional IRA:

• A)Paying the costs of higher education, including tuition, fees, books, and room and board for a dependent child
• B)Withdrawing up to $30,000 of first-time home-buying expenses
• C)Using the withdrawals for medical expenses in excess of 7.5 percent of their AGI, for persons younger than 59½ years old
• D)Over 59½ years old