Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
3 Cards in this Set
- Front
- Back
|
Which of the following IRA transaction is subject to taxation |
IRA a rollover reinvested 75 days after receipt IRS places a 60 day limit on reinvesting into another IRA with out tax consequence |
|
|
Which of the following life insurance policies have a current and guaranteed maximum premium stated in the policy |
Intermediate premium life intermediate premium whole life changes occurring premium based on its current estimate of investment earnings mortality and expense cost if these changes then so to the premium but never beyond the maximum stated in the policy |
|
|
failure to take required maximum distribution from RMD can lead to a tax penalty of |
50% |
