After Age 59-1/2, When a Keogh Plan Participant Withdraws Funds

question 11

Multiple Choice

After age 59-1/2, when a Keogh plan participant withdraws funds, they are

• A) not taxable.
• B) taxed as long-term capital gains.
• C) taxed as ordinary income.
• D) subject to a withdrawal penalty.

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Definitions:

Marriage Benefits

The various advantages associated with marriage, including economic, social, psychological, and health-related benefits.

Health

A state of complete physical, mental, and social well-being and not merely the absence of disease or infirmity.

Chronic Stressors

Persistent stress factors that an individual faces over an extended period, potentially leading to health problems.

Coping Strategy

Techniques or methods employed by individuals to manage stress, challenges, or adversity.