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Finra Series-7 Exam - Topic 7 Question 82 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 82
Topic #: 7

[All Series-7 Questions]

Distribution from an IRA can begin at age 59 and must begin by age:

A70

B65

C68

Dwhenever the individual is retired

Show Suggested Answer

Suggested Answer: D

a fundamental analyst. These analysts are guided by computations about a company's performance using data in annual reports.

by Mireya at Mar 10, 2024, 04:03 PM

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Lorrie

9 months ago

I always thought it was 65. What changed?

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Glendora

9 months ago

Wait, are you sure about that?

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Azalee

10 months ago

Definitely 72, good to know!

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Rory

10 months ago

I thought it was 70 too, but yeah, it's 72 now.

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Georgiana

10 months ago

Must begin by age 72 now, not 70!

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Edelmira

10 months ago

I feel like I’ve seen something about starting distributions whenever retired, but that doesn’t sound right for the exam.

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Irma

11 months ago

I’m a bit confused; I thought it was 65, but that seems too early for mandatory distributions.

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Terrilyn

11 months ago

I remember practicing a question about IRA distributions, and I think the answer was definitely 70.

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Lashon

11 months ago

I think distributions must start by age 70, but I’m not completely sure if it’s 70 or 70 and a half.

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Ernie

11 months ago

I think the answer is 70, but I'm not 100% confident. I'll make a note to double-check the IRA rules on required minimum distributions before submitting my answer.

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Xuan

11 months ago

Okay, let me think this through step-by-step. IRAs allow distributions starting at age 59, but there's a required minimum distribution age. I believe it's 70, so I'll go with that.

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Kerry

11 months ago

I'm pretty sure the answer is 70, since that's the age when you have to start taking required minimum distributions from an IRA.

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Georgene

11 months ago

Hmm, I'm a little unsure about this one. I know there's a required minimum distribution age, but I can't remember if it's 65, 68, or 70. I'll have to think this through carefully.

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Kimberely

11 months ago

I've worked with My Domain before, so I feel pretty confident about this. I'll make sure to select the option that covers the key points, like the login changes and the permanence of the domain.

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Raymon

11 months ago

Hmm, I'm a bit unsure about this one. I'll need to double-check the AMPscript syntax to make sure I'm understanding the options correctly.

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Ollie

1 year ago

Wait, we have to start withdrawing from our IRAs? I thought those were just free money growing in the background until we're ready to retire. Darn it, there goes my plan to let it accumulate for another 20 years.

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Lizette

1 year ago

C) 68

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Vincent

1 year ago

B) 65

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Vivan

1 year ago

A) 70

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Leota

1 year ago

Whenever I'm retired, huh? Well, that's a relief. I was worried they'd try to force me to retire at a certain age. Guess I'll just work until I drop!

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Ty

1 year ago

B) 65

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Gerald

1 year ago

That's right, you can start taking distributions from your IRA at age 59 without penalty.

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Shizue

1 year ago

A) 70

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Margarita

1 year ago

Hmm, 68 is an interesting age. I wonder if that's when the government thinks I'll be 'mature' enough to handle my own money.

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Dana

1 year ago

65 seems like the most reasonable age to start tapping into my retirement savings. After all, that's when most people call it quits, right?

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Merilyn

1 year ago

B) 65

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Ona

1 year ago

A) 70

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Bambi

1 year ago

Age 70? That's a whole decade later than I was planning to start withdrawing from my IRA. Guess I'll have to work a little longer to make up for that lost time.

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Iraida

1 year ago

I'm not sure, but I think it's A) 70 as well. That's the age when most people start taking distributions.

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Paulene

1 year ago

I agree with Amalia, because that's when required minimum distributions start.

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Amalia

1 year ago

I think the answer is A) 70.

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