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All of the following are true of Individual Tax Shelter Pensions except:
Options
a. Both the principal and interest are taxed when money is withdrawn from these funds.
b. Tax penalties will be assessed if the individual begins making withdrawals prior to age 59?.
c. Interest accumulates on a tax-deferred basis.
d. Tax penalties will be assessed if the individual fails to begin making withdrawals before age 75 ?
Answer: D
The above question All of the following are true of Individual Tax Shelter Pensions except:, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
