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All of the following statements regarding Roth IRAs are correct EXCEPT total contributions for all Roth IRAs for the year cannot exceed $5,500 (for 2018)

All of the following statements regarding Roth IRAs are correct EXCEPT

total contributions for all Roth IRAs for the year cannot exceed $5,500 (for 2018) for an individual under age 50.

Roth spousal IRAs are allowed for nonemployed spouses.

contributions to a Roth IRA are not deductible but distributions are tax free as long as certain eligibility requirements are satisfied.

contributions to Roth IRAs cannot be made after attainment of age 70.

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