What does IRA stand for?

• International Retirement Account

• Individual Retirement Account

• Individual Resource Academy

• International Rifle Association

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

What is the minimum length of time your money has to be in a Roth IRA so that any withdrawals would be tax-free?

• One year

• Five years

• Ten years

• Fifteen years

Tags

CCSS.7.RP.A.3

The two MAIN benefits of a Roth IRA are: (select 2)

• The money invested grows tax-free

• You are taxed when you withdraw the money

• There are no income limits on contributions

• You do not owe any taxes when you withdraw the money

With the traditional IRA, you are required to make withdrawals starting at age:

• 65

• 67 1/2

• 70 1/2

• 72

If you only made $2750 this year working, what is the maximum amount you can contribute to a Roth IRA?

• $2500

• $2750

• $3000

• $5500

Tags

CCSS.6.RP.A.3B

In order to be eligible to open a Roth IRA, the only requirement is that you have a ___________.

• pet

• clue

• job

• driver's license

Tags

CCSS.6.EE.A.1

For 2018, the total amount you can contribute to a Roth IRA is ___________.

• $2500

• $5000

• $5500

• $7500

What is the maximum income you can have in order to contribute the maximum amount to a Roth IRA?

• $100,000

• $110,000

• $120,000

• $135,000

If you make between $120,000 and $135,000 then you can still contribute but that amount is _____________.

• increased

• reduced

• halved

• doubled

Once you're making more than _______________, you are no longer eligible to contribute to a Roth IRA.

• $5,500

• $120,000

• $135,000

• $150,000