401(k) & IRAs Quizzes-What distinguishes a traditional

Answer to Quiz

What distinguishes a traditional IRA account from a Roth IRA account?

Answer: (a)
Although you don't get a deduction for a contribution to an IRA, the earnings grow tax free after the contribution.

Next Quiz:

Generally what is the earliest age that an individual can withdraw funds from a traditional IRA without penalty?

(a) 55
(b) 59
(c) 65
(d) 70

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Department of Commerce

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