1. What are some key features of the Roth IRA?

A. Nondeductible contributions

B. Qualified distributions are income tax free

C. Owner may continue to contribute after age 72

D. Not subject to required minimum distribution rules during the life of the account owner

E. Share contribution limit with Traditional IRA

F. All of the above

2. Grace is 60 and is weighing her options on when she should take Social Security. Which of the following is true?

• A. Given her age, it normally makes sense to take Social Security as soon as possible (62)
• B. If she expects to pass away early due to poor health and has a family history of early death, it may make sense to take as early as possible (62)
• C. If she expects to live well into her 90s and she does not need the income early, it may make sense to delay as long as possible (70)
• D. Both B and C
• E. A, B and C