Multiple Choice
Which of the following statements concerning traditional IRAs and Roth IRAs is true?
A) A taxpayer may contribute to a Roth IRA at any age but a taxpayer is not allowed to contribute to a traditional IRA after reaching 70½ years of age.
B) Taxpayers with high income are allowed to contribute to traditional IRAs but not to Roth IRAs.
C) The annual contribution limits for a traditional IRA and Roth IRA are the same.
D) All of the choices are true.
Correct Answer:
Verified
Correct Answer:
Verified
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