Student 4:55 PM Thu Feb 4 VPN O 52% ACC125-Unit+4+Assignment Draw Formulas Data Home Insert Review View Q B I U abe ABC 123 C Read Only - You can't save changes to this file. Save a copy fx . D E F G H . 1 Problem 1 - Traditional IRA 2 From the list given below, identify the characteristics of a Traditional IRA. Please highlight all that apply. 3 4 5 A Traditional IRA - 6 7 8 9 10 11 12 13 14 15 Only allows you to make after-tax contributions May allow you to make pre-tax contributions Contributions that grow are never tax deferred Contributions that grow are tax deferred Contributions grow tax-free If your age is under 50 the contributions are limited to $4000 Contributions are limited to $8500 Contributions are limited to $6,000, if you are under 50. Beginning in 2020 there will be an age limit for contributins to a Traditional IRA You are not required to make withdrawals from a Traditional IRA The age requirement for Traditional IRA withdrawals, beginning in 2019 is 72. 16 17 18 19 20 Instructions Problem 1 Problem 2 Problem 3 Problem 4-7 Student 4:55 PM Thu Feb 4 VPN O 52% ACC125-Unit+4+Assignment Draw Formulas Data Home Insert Review View Q B I U abe ABC 123 C Read Only - You can't save changes to this file. Save a copy fx . D E F G H . 1 Problem 1 - Traditional IRA 2 From the list given below, identify the characteristics of a Traditional IRA. Please highlight all that apply. 3 4 5 A Traditional IRA - 6 7 8 9 10 11 12 13 14 15 Only allows you to make after-tax contributions May allow you to make pre-tax contributions Contributions that grow are never tax deferred Contributions that grow are tax deferred Contributions grow tax-free If your age is under 50 the contributions are limited to $4000 Contributions are limited to $8500 Contributions are limited to $6,000, if you are under 50. Beginning in 2020 there will be an age limit for contributins to a Traditional IRA You are not required to make withdrawals from a Traditional IRA The age requirement for Traditional IRA withdrawals, beginning in 2019 is 72. 16 17 18 19 20 Instructions Problem 1 Problem 2 Problem 3 Problem 4-7