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Describe the three basic types of IRAs (traditional, Roth, and nondeductible), including their respective tax features and what it takes to qualify for each. Which is most appealing to you personally? Explain.

Describe the three basic types of IRAs (traditional, Roth, and nondeductible), including their respective tax features and what it takes to qualify for each. Which is most appealing to you personally? Explain.

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In order to contribute to an IRA you must have earned at least as much income during the year as you contribute to your IRA an exception is the non working spouse who can now also contribute 5 000 As …View the full answer


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Related Book For  answer-question
Personal Financial Planning

Personal Financial Planning

ISBN: 978-1111971632

13th edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

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Posted Date: February 13, 2015 09:40:24
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