Daniela Retired at the Age of 65

question 127

Multiple Choice

Daniela retired at the age of 65. The current balance in her Roth IRA is $200,000. Daniela established the Roth IRA 10 years ago. Through a rollover and annual contributions Daniela has contributed $80,000 to her account. If Daniela receives a $50,000 distribution from the Roth IRA, what amount of the distribution is taxable?

• A)$0.
• B)$20,000.
• C)$30,000.
• D)$50,000.

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Definitions:

Baruch Spinoza

A Dutch philosopher of Portuguese Sephardi origin, known for his work in ethics, epistemology, and metaphysics, emphasizing monism – the idea that there is only one substance in the universe.

Pantheism

The belief that God is identical with creation. Baruch Spinoza, for example, was a pantheist. Hinduism, in some interpretations, can be construed as a form of pantheism.

Polytheism

Belief in many gods and goddesses.

Kierkegaard

Søren Kierkegaard, a Danish philosopher and theologian considered the father of existentialism, known for his critique of Hegel and the concept of individuality.