If an Individual Is Ineligible to Make a Deductible Contribution

question 85

True/False

If an individual is ineligible to make a deductible contribution to a traditional IRA, nondeductible contributions of any amount can be made to a traditional IRA.

---

Definitions:

Impulse

An impulse is a sudden, involuntary urge to act or respond quickly without deliberate thought, often in response to a stimulus.

Geriatric Patients

Elderly individuals, often over the age of 65, who may require specialized healthcare due to aging-specific conditions.

Individualized

Tailored or customized to meet the specific needs or characteristics of an individual person.

Chronological Age

The actual age of a person or object defined in years from the date of birth.