Traditional IRA's give you tax benefits now while Roth IRA's give you tax benefits when you retire. True False Suppose you were employed in both 2017 and 2018. Can you make two IRA contributions of the full $5,500 annual limit in 2018 as long as (a) your contribution for 2017 is made before April 15, 2018 and (b) any tax deduction for the 2017 contribution is taken on your 2017 taxes? Yes O No Anyone can contribute to a Roth IRA regardless of how much income they make in a given year. True False Imagine that you are married, earn $100,000 per year, and file a joint tax return. Although you are employed, your spouse stays at home to take care of your two young children. Can your non-working spouse open an IRA in her/his name using money that you earned? O Yes O No Even if you have opened and contributed to a traditional or Roth IRA in the past, you can convert it (under specified conditions) into the other type of IRA. Which of these types of conversions is by far the more common: From traditional to Roth From Roth to traditional