Author Question: Which of the following statements about converting a traditional IRA to a Roth IRA is (are) true? ... (Read 85 times)

123654777 · **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