Roth IRAs (Fifth Edition) (00306723)

This course focuses on Roth IRAs, a great way to create tax-free retirement income that tax law changes have made more accessible. It explains what they have in common with traditional IRAs, as well as what is unique about them. Topics covered include similarities Between Roth IRAs and Traditional IRAs; differences Between Traditional IRAs and Roth IRAs; conversions to Roth IRAs; and deemed IRAs.
Final Exam > Results Page

final exam score:
100%


Question 1

Correct
Which of the following types of income cannot be the basis for making a Roth IRA contribution?


Question 2

Correct
In 2012, an individual, age 45, has earnings from part-time consulting work of $13,500. His top Roth IRA contribution for 2012 is:


Question 3

Correct
In which way does a Roth IRA differ from a traditional IRA?


Question 4

Correct
Which statement concerning MAGI limits on eligibility to contribute to a Roth IRA is not correct?


Question 5

Correct
An individual opened a Roth IRA in 1998, the first year in which they were available. In 2012, he can withdraw funds entirely tax free if he:


Question 6

Correct
Traditional IRAs (as opposed to Roth IRAs) are best used when:


Question 7

Correct
Who must take lifetime required minimum distributions from a Roth IRA?


Question 8

Correct
Which type of account may be directly rolled over to a Roth IRA (assuming eligibility to convert to a Roth IRA)?


Question 9

Correct
Henry Hoarder is single. What is the maximum Henry can earn and be eligible to rollover his Traditional IRA to a Roth IRA in 2012?


Question 10

Correct
Which factor affects eligibility to fund a Roth IRA?