Which of the following purposes is never allowed as an early withdrawal from a traditional individual retirement account (IRA)?

Question

Quizplus · Accepted Answer

The purchase of a vehicle is not an allowed purpose for an early withdrawal from a traditional IRA. The other options, such as purchasing a home, medical expenses, and education expenses, may be allowed under certain circumstances and with certain restrictions. However, any early withdrawal from a traditional IRA may be subject to taxes and penalties.

Which of the Following Purposes Is Never Allowed as an Early