In the Context of Building Wealth for Retirement, Which of the Following

question 114

Multiple Choice

In the context of building wealth for retirement, which of the following statements is true of a Roth individual retirement account (IRA) ?

• A) The contributions you make to a Roth IRA are not tax deductible at the time you make them.
• B) Earnings on the contributions you make to a Roth IRA are taxable.
• C) You need to pay taxes on the distributions you receive from a Roth IRA after you retire.
• D) There is no limit on the amount that you can contribute each year to a Roth IRA.

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