IRA Match Quiz

June 22, 2010
IRA match quiz

Test your knowledge with this quiz.

Do you know the difference between a traditional IRA and a Roth IRA? If not, that’s okay. It isn’t exactly the kind of trivia you whip out at a party to impress strangers. Although the best way to determine which type is right for you is to talk to an expert, these five questions will test your knowledge against facts provided by the National Association of Tax Professionals.

You can deduct contributions.

Distributions are not taxable.

No matter how old you are, you can make contributions.

You can’t contribute if you also participate in your employer’s retirement plan.

Happy Birthday! You have to start taking distributions at a set age.

  • Planning Retirement