When Deciding Whether to Invest in a Traditional IRA or a Roth

question 79

Multiple Choice

When deciding whether to invest in a Traditional IRA or a Roth IRA one would consider all except

• A)the amount of income you expect to make at retirement.
• B)whether you are covered by an employer-sponsored retirement plan and,if so,how much income you earn.
• C)if you want to start drawing out the money at 70-1/2 or not.
• D)whether you want the money to accumulate tax-free or not.

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Definitions:

Certainty

The state of being free from doubt or ambiguity, often related to the clear understanding or predictability of an event or outcome.

Novation

The act of replacing an old obligation with a new one, substituting a new party for an original party in an agreement, with the consent of all parties involved.

Restitution

The act of restoring or compensating someone for loss, damage, or injury that has been incurred.

Repudiated Contract

This term refers to a contract that has been rejected or declared void by one of the parties involved, indicating they do not intend to fulfill their contractual obligations.