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Author Question: The traditional IRA allows tax-deductible contributions of up to $5,500 ($6,500 for those age 50 or ... (Read 45 times)

shofmannx20

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Question 1

An individual retirement account in which capital gains and earnings on your investments will not be taxed upon withdrawal at age 59 1/2 is a(n) ________.



Question 2

The traditional IRA allows tax-deductible contributions of up to $5,500 ($6,500 for those age 50 or older) in 2015 for individuals who are not covered by employer-sponsored retirement plans or meet income qualifications if they have an employer plan.


◦ true
◦ false


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Marked as best answer by shofmannx20 on Apr 14, 2019

dellikani2015

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