Question: Which of the following statements regarding Roth IRAs is NOT correct? Multiple choice question. Taxpayers can continue to contribute to Roth IRAs after reaching the

Which of the following statements regarding Roth IRAs is NOT correct?
Multiple choice question.
Taxpayers can continue to contribute to Roth IRAs after reaching the age of 72.
Roth IRAs are NOT subject to phase-out rules that limit their contribution level.
Taxpayers can withdraw their Roth IRA contributions tax-free anytime without paying a penalty.
There are NO minimum distribution requirements for Roth IRAs.

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