Question $21(3$ points$)$

$$

Which of the following statements regarding individual retirement accounts $($IRAs$)$ is true?

Question $21$ options:

a$)$

It is not possible to convert a traditional IRA to a Roth IRA.

b$)$

Traditional IRAs can be opened by anyone with a modified adjusted gross income $($MAGI$)$ of more than $$50,000.$

c$)$

Contributions made to traditional IRAs are made with after$-$tax dollars.

d$)$

A $10\%$ tax penalty applies to any funds withdrawn from a traditional IRA before $70(1)/(2).$

e$)$

Withdrawals from Roth IRAs are tax free, so long as the account has been open for $5$ years and the individual is past the age of $59(1)/(2).$