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Finra Exam Series-6 Topic 9 Question 62 Discussion
Actual exam question for
Finra's
Series-6 exam
Question #: 62
Topic #: 9
[All Series-6 Questions]
Topic #: 9
Ms. Fortune died at the relatively young age of 60. Which of the following options are available to her 65-year-old spouse, the beneficiary of her IRA?
i. withdraw the entire balance in a single lump sum
ii. continue to make contributions to the IRA as if it were his own
iii. roll his deceased wife's IRA into an existing IRA that he owns
Suggested Answer:
D
If Ms. Antsy is 53 years old and wants to invest in something that will allow her to begin making immediate withdraws and continue to make withdrawals until she turns 62 , you should recommend none of the choices provided. They are all annuities, and Ms. Antsy will be subject to a 10% penalty for withdrawing any amount prior to turning 59 .
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