Ruby is 62 years old. She currently owns both a traditional IRA and a Roth IRA. She has no preference which account to use for this years contribution. Based on the IRA contribution limits described in this topic, she can contribute a combination of _______ to the traditional IRA and _________ to the Roth IRA.

Group of answer choices

$0; $6,000

$6,000; $6,000

$7,000; $0

$7,000; $7,000

A retirement plan that provides the possibility for a tax-deductible contribution and tax-deferral of earnings is called a:

Group of answer choices

both traditional IRA and Roth IRA.

traditional IRA.

Roth IRA.

401(k) plan.