Which of the following statements is true concerning traditional ...

[craiczarry]

Which of the following statements is true concerning traditional and Roth IRAs?
 
  A) The investment income portion of Roth IRA distributions must be reported as taxable income.
  B) Roth IRA contributions are tax deductible.
  C) There are minimum distribution requirements for traditional IRAs.
  D) There are no limits on the tax deductibility of traditional IRA contributions once the account owner has reached age 50.

Question 2

Which of the following statements is (are) true with regard to the inflation annuity option?
 
  I. The initial monthly payment is lower than the initial payment a fixed annuity would have provided if purchased at the same age.
  II. Periodic payments to the annuitant are adjusted for inflation.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

[lorealeza77]

Answer to Question 1

Answer: C

Answer to Question 2

Answer: C

[craiczarry]

Thanks for the timely response, appreciate it

[blakcmamba]

YES! Correct, THANKS for helping me on my review