Answered

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Which of the following features is NOT a unique advantage of the Roth IRA?

A. Contributions are tax deductible.
B. Distributions may be deferred beyond the attainment of age 73.
C. Qualified distributions at the time of retirement are not taxed as income.
D. Contributions may continue beyond attainment of age 73.

Sagot :

GinnyAnswer

Final answer:

Roth IRA contribution uniqueness


Explanation:

The unique advantage to a Roth IRA is that contributions are not tax deductible unlike a traditional IRA where contributions are tax-deductible. This characteristic allows for tax-free growth and tax-free withdrawals in retirement, making it a valuable retirement savings vehicle.


Learn more about Roth IRA here:

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