IRA Quiz Uncategorized IRA Quiz yopellc July 31, 2017 0 comments This quiz was designed to reinforce what you’ve learned from the IRA’s section. Good luck! 1. Select the characteristic of a Roth IRA. Roth IRA’s are for short term investment strategies. You can contribute up to $5,500 a year to a Roth IRA if you’re over 50 years old. Roth IRA’s have a contribution limit based on income. None of these Roth IRA’s are a pre-taxed investment vehicle. 2. If you are under 50 years old, you can only contribute ____ per year to your IRA. $6,500 $18,000 $5,000 None of these $5,500 3. What does IRA stand for? Investment Retirement Account Individual Retirement Access Individual Retirement Account Investment Retirement Access 4. Traditional IRA’s have no annual contribution limit, while Roth IRA’s do. False True 5. Choosing between a Traditional IRA and a Roth IRA depends on which two factors? Your taxes and the holdings of your investments Your income and taxes Your investments and taxes Your investments and income Loading … Question 1 of 5