In which of the following scenarios may a loan be taken from a Traditional IRA?
A. After reaching full retirement age
B. To pay for medical expenses
C. To purchase a primary residence
D. None of the above
When withdrawing funds from a Roth IRA prior to 59 1/2 years old, the 10% tax penalty applies to which of the following?
A. Contributions and Earnings
B. Earnings only
C. Contributions only
D. Neither contributions or earnings