IRA Quiz

IRA Quiz

Professional Development

10 Qs

quiz-placeholder

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IRA Quiz

IRA Quiz

Assessment

Quiz

Business

Professional Development

Hard

Created by

Beth Maietta

Used 28+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You cannot contribute to an IRA if you've already maxed out your 401k for the year.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You can contribute to both a Roth IRA and a Traditional IRA in the same tax year.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Married couples that file jointly can combine their IRA funds into a jointly funded spousal IRA.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You can begin withdrawing IRA funds in retirement at age 62, the same age you can start collecting Social Security.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You can withdraw Roth IRA funds at any time without incurring tax or penalty.

true

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It does not matter what income level you are at, you can contribute to an IRA.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The 2019 maximum IRA contribution is $6,000 with a catch-up contribution of an additional $1,000 for those over 50.

True

False

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