Which of the following does NOT charge a 10 percent penalty if you receive cash from the account before age 59-1/2?
A) traditional IRA
B) Roth IRA
C) annuity
D) Keough plan
E) SEP-IRA
Answer: C
Explanation: C) An annuity is a contract in which the company agrees to make regular payments to a person, either for a fixed period or until the person dies. The contract can specify the age at which payments begin.
Business
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