The Traditional IRA Is

question 24

Multiple Choice

The traditional IRA is

• A)a tax-deferred retirement account
• B)a non-tax-deferred retirement account
• C)a means to generate tax-free income
• D)a means to increase current income

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Definitions:

Anatomical Position

A standardized stance in human anatomy where the body is erect, the feet are slightly apart, arms are at the sides, and the head and palms face forward.

Palm

The inner part of the hand extending from the wrist to the bases of the fingers.

Inferior

A term used to describe a position below or lower than another part of the body; opposite of superior.

Sternum

The long, flat bone located in the center of the chest which connects to the ribs via cartilage to form the front part of the rib cage, providing protection to the chest organs.