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Author Question: Which of the following statements is true concerning traditional and Roth IRAs? A) The investment ... (Read 80 times)

craiczarry

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on: Jul 11, 2018
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


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lorealeza77

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: C


craiczarry

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Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it

nyrave

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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