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Exam FX, SIE Study Guide, Chapter 1, Questions & Answers, graded A+, Verified.
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Exam FX, SIE Study Guide, Chapter 1, Questions & Answers, graded A+, Verified. An IRA uses immediate annuity to pay out benefits; the IRA Owner is nearly 75 years old when he decides to collect distributions. What kind of penalty with the IRA owner pay? - -50% tax on the amount not distributed...
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