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Q 1/5
Score 0
All of the following employed persons who have no employer-sponsored retirement plan would be eligible to set up and contribute to a traditional IRA EXCEPT
60
Miriam, age 26, secretary
Edna, age 72, nurse
Jack, age 60, plumber
Brent, age 40, medical technician
Q 2/5
Score 0
All of the following statements regarding Roth IRAs are true EXCEPT
30
They limit contributions each year
They are not available to those in the upper-income tax brackets
They mandate distributions no later than age 70 ½
They provide for tax-free accumulation of funds
5 questions
Q.
All of the following employed persons who have no employer-sponsored retirement plan would be eligible to set up and contribute to a traditional IRA EXCEPT
1
60 sec
Q.
All of the following statements regarding Roth IRAs are true EXCEPT
2
30 sec
Q.
All of the following should be eligible to establish a Keogh retirement plan EXCEPT
3
30 sec
Q.
All of the following types of plans are reserved for small employers EXCEPT
4
60 sec
Q.
A distribution received from an employer-sponsored retirement plan or from an IRA is eligible for a tax-free rollover if it is reinvested in an IRA within how many days after the distribution?
