Which of the Following Is Not a Characteristic of a Traditional

question 3

Multiple Choice

Which of the following is not a characteristic of a traditional IRA?

• A) For a married couple, the contribution limit doubles.
• B) Individuals over 50 are allowed to make additional catch-up contributions.
• C) Everyone is eligible for deductible contributions regardless of income.
• D) A 10% penalty normally applies if funds are withdrawn before age 59 1/2.

---

Definitions:

Gender Dysphoria

Distress or discomfort that may occur when a person's gender identity does not align with their assigned sex at birth.

Stability

The state of being steady, consistent, or unchanged over time.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing thoughts, behaviors, and emotions.

Adult

An individual who has reached the age of maturity, typically recognized legally and socially, with responsibilities and independence.