Question
Which of the following is TRUE about Roth and traditional IRAs? A. You can always get tax deductions when contributing to traditional IRA, while you
Which of the following is TRUE about Roth and traditional IRAs?
| A. | You can always get tax deductions when contributing to traditional IRA, while you get tax-free distributions from Roth IRA | |
| B. | $1,000 contribution catch-up for those who aged 50+ is only available for traditional IRA, not for Roth IRA | |
| C. | There is no contribution phaseout for traditional IRA, but there is contribution phaseout for Roth IRA | |
| D. | You must start to withdraw from both Roth and traditional IRAs when you reach age 701/2 |
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Public Finance
Authors: Harvey Rosen, Robert Guell, Ted Gayer
9th Edition
0073511358, 9780073511351
