1. What is the Roth IRA minimum required distribution age?
a) 67
b) 70 1/2
c) There is no required minimum distribution age
d) 59 1/2
2. $1,000 in taxes is withheld from a $10,000 IRA rollover. $10,000 must be rolled over, but only $9,000 is available. Where must the $1,000 shortfall come from?
A. Other personal funds
B. IRS will deposit in the IRA account after 60 days
C. The financial institution from where the rollover IRA is held
3. When withdrawing funds from a Roth IRA prior to 59 1/2 years old, the 10% tax penalty applies to which of the following?
A. Contributions and Earnings
B. Earnings only
C. Contributions only
D. Neither contributions or earnings