The age at which you can begin withdrawing IRA funds without a penalty must correspond to the age at which you start collecting Social Security.

True

False

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Question 51 pts

People who are 50 years old or older can add an additional $1,000 to their annual IRA contribution limit.

True

False

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Question 61 pts

If you were employed in both 2017 and 2018, can you make two IRA contributions up to the limit ($5,500 each) in 2018 as long as your contribution for 2017 is made before April 15, 2018 and as long as any tax deduction for the 2017 contribution is taken on your 2017 taxes?

Yes

No