Which of the following statements concerning traditional IRAs and Roth IRAs is true?
A) A taxpayer may contribute to a Roth IRA at any age but a taxpayer is not allowed to contribute to a traditional IRA after reaching 70½ years of age.
B) Taxpayers with high income are allowed to contribute to traditional IRAs but not to Roth IRAs.
C) The annual contribution limits for a traditional IRA and Roth IRA are the same.
D) All of the choices are true.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements concerning traditional IRAs and Roth IRAs is true?
A) A taxpayer may contribute to a Roth IRA at any age but a taxpayer is not allowed to contribute to a traditional IRA after reaching 70½ years of age.
B) Taxpayers with high income are allowed to contribute to traditional IRAs but not to Roth IRAs.
C) The annual contribution limits for a traditional IRA and Roth IRA are the same.
D) All of the choices are true.

Which of the Following Statements Concerning Traditional IRAs and Roth