Which one of the following is true regarding a Roth IRA?
Which one of the following is true regarding a Roth IRA?
A. Annual contribution limits are higher than they are for a traditional IRA.
B. Annual contribution limits are lower than they are for a traditional IRA.
C. There are no required distributions during the lifetime of a Roth IRA.
D. The account holder is able to deduct contributions for income-tax purposes.
Answer: C
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