Multiple Choice
Mary establishes a Roth IRA at age 50 and contributes the maximum amount per year to the Roth IRA for 15 years. The account is now worth $199,000, consisting of $75,000 in contributions plus $124,000 in accumulated earnings. How much can Mary withdraw tax-free?
A) $0
B) $75,000
C) $124,000
D) $199,000
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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