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Question
Which of the following statements are true about a traditional IRA?
I. Subject to an income limit, in 2011 a single person could contribute up to $5,000 per year of pretax income to an IRA.
II. All withdrawals are tax-free.
III. Earnings on the IRA account are not taxed until withdrawn.
IV. You must begin withdrawals at age 59 .
V. Withdrawal(s) can be a lump sum or installments.
A. I, II, IV
B. I, II, IV, and V
C. I, III, and V
D. II, IV, and V
E. III, IV, and V
Answer
This answer is hidden. It contains 1 characters.
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