SIE Exam Practice Question 517
Question: 517
An investor has deposited $100,000 into a qualified retirement account over a 10-year period. The value of the account has grown to $175,000 and the investor plans to retire and take a lump sum withdrawal. The investor will pay:
Correct Answer: B
Explanation:
B: The retirement account is qualified, which means the investor has deposited the money pretax, therefore, all of the money is taxed when it is withdrawn.
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