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In the Context of Building Wealth for Retirement, Identify a True

Question 134

Multiple Choice

In the context of building wealth for retirement, identify a true statement about a traditional individual retirement account (IRA) .


A) You must pay taxes on the money received from a traditional IRA when you begin making withdrawals.
B) Earnings on the contributions you make to a traditional IRA are tax-free.
C) There is no limit on the amount that you can contribute each year to a traditional IRA.
D) The contributions you make to a traditional IRA are not tax deductible at the time you make them.

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