Which of the Following Are Characteristics of a Roth IRA

question 40

Multiple Choice

Which of the following are characteristics of a Roth IRA?

• A)Most distributions made before age 59½ are subject to a 10 percent penalty tax.
• B)There are no minimum distributions required for a Roth IRA.
• C)Neither is a characteristic.
• D)Both are characteristics.

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Definitions:

Cations

Positively charged ions that have more protons than electrons, resulting from the loss of one or more electrons.

Inversion

In chemistry, this refers to the process by which the spatial arrangement of atoms in a molecule is reversed.

Retention

The phenomenon where the configuration of a molecule remains unchanged during or after a chemical process.

Substitution

A chemical reaction in which an atom or group of atoms is replaced with a different atom or group of atoms in a molecule.