Question

Adriana has borrowed $30,000 from her IRA in order to fund her startup costs. How long does she have to replace the money without incurring a 10% premature-withdrawal fee? Question 4 options: 30 days 60 days 90 days 120 days

Answer 1

Answer:

Adriana has borrowed $30,000 from her IRA in order to fund her startup costs. How long does she have to replace the money without incurring a 10% premature-withdrawal fee? 30 days. 60 days

Answer 2

Answer:

HII MATE

HERE'S THE ANSWER

Explanation:

You can't borrow against your IRA account, but you can withdraw funds for 60 days without being subject to the 10 percent penalty tax. If you need the money for 60 days or less, an IRA withdrawal can act as a short-term loan

so A:60 days

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