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Which of the Following Statements Concerning Traditional IRAs and Roth

Question 143

Multiple Choice

Which of the following statements concerning traditional IRAs and Roth IRAs is false?


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 72 years of age.
B) The annual contribution limits for a traditional IRA and Roth IRA are the same.
C) Taxpayers with high income are allowed to contribute to traditional IRAs but not to Roth IRAs.
D) All of these choices are correct.

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