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Author Question: Which of the following statements about converting a traditional IRA to a Roth IRA is (are) true? ... (Read 99 times)

123654777

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on: Jul 11, 2018
Which of the following statements about converting a traditional IRA to a Roth IRA is (are) true?
 
  I. Such conversions can be done with no income tax consequences.
  II. Qualified distributions from a Roth IRA after a conversion are received tax-free.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

Which of the following statements is (are) true concerning the joint and survivor annuity settlement option?
 
  I. Under this option, payments begin after the first annuitant dies.
  II. This settlement option is often selected by married couples.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


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tennis14576

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

Answer: B

Answer to Question 2

Answer: B


123654777

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

rachel

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

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