Qualifying Distributions from Traditional IRAs Are Nontaxable While Qualifying Distributions

question 23

True/False

Qualifying distributions from traditional IRAs are nontaxable while qualifying distributions from Roth IRAs are fully taxable as ordinary income.

---

Definitions:

Emerging Adults

A phase of the life span between adolescence and full-fledged adulthood which encompasses late teens through the twenties, marked by exploration and self-discovery.

Postformal Thought

A stage of cognitive development proposed to follow Piaget's formal operational stage, characterized by more flexible and pragmatic thinking.

Less Routine

Activities or tasks that vary and do not follow a fixed or predictable pattern, often requiring adaptability and flexibility.

Emerging Adulthood

A phase of the life span between adolescence and full-fledged adulthood, encompassing late teens through early twenties, characterized by exploration and self-discovery.