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accy_505_120258_250069 Module 7 Graded Quiz
Matching
Match the retirement account with the proper tax treatment upon distribution in retirement. 1: Traditional 2: Roth 3: Nondeductible
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Topic: matching retirement accounts to tax treatment on distribution in retirement.
Option A (Traditional) paired with 'Fully taxable': In a traditional IRA, contributions are often tax-deductible in the year they are made, and earnings grow tax-deferred. Upon distribution in retirement, the taxable portion generally includes the deductible contributions and the earnings, meaning distributions are taxed as ordinary income. A ......Login to view full explanationLog in for full answers
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