What is one of the main differences between a Roth IRA and a traditional IRA? A. They differ in the amount you can contribute at

Question

3 years ago

12

What is one of the main differences between a Roth IRA and a traditional IRA? A. They differ in the amount you can contribute at

certain ages. B. They differ in the minimum age an individual must be to withdraw money. C. A Roth IRA is offered by banks while a traditional IRA is offered by an employer O D. Contributions are taxed differently. help meee

Law

2 answers:

hodyreva [135] · Answer 1 · 2022-05-16T06:02:45+03:00

hodyreva [135]3 years ago

8 0

Answer:

D. Contributions are taxed differently

Explanation:

IrinaVladis [17] · Answer 2 · 2022-05-16T04:15:21+03:00

Answer:

D. Contributions are taxed differently.

Explanation:

A Roth IRA can be defined as an individual retirement account that avails the holders tax-free growths and tax-free withdrawals based on the satisfaction of certain conditions.

On the other hand, a traditional IRA can be defined as an individual retirement account that avails the holders with direct pre-tax income and make contributions.

One of the main differences between a Roth IRA and a traditional IRA is that, contributions are taxed differently.