HSL-Traditional IRA

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Across
  1. 5. Offers the benefit of a possible income ____
  2. 7. If over age ___, an additional $1000.00 can be contributed
  3. 8. A 10% penalty applies to distributions unless there is a ____ event
  4. 9. Clients can have an ____ number of transfers
  5. 11. Contributions are made ____ tax
  6. 13. MAGI stands for Modified ____ Gross Income
  7. 14. RMD's begin when an individual turns seventy-____
  8. 15. Common qualifying events include age 59 1/2, death, ____, first time homebuyer
Down
  1. 1. RMD - required ____ distribution
  2. 2. The FMV, is the ____ of the plan as of Dec. 31st of the prior year
  3. 3. The ____ limit for 2023 is 6500
  4. 4. The RMD is calculated using the FMV, fair ____ value
  5. 6. A tax-free movement of assets between like plans
  6. 10. Traditional IRA's are tax ____
  7. 12. You must have ___ income to make contributions