SIE Exam Question 130: Answer and Explanation
Question: 130
In 2020, what is the maximum contribution that a 45-year-old may make into a traditional IRA?
- A. $2,000
- B. $3,500
- C. $6,000
- D. $7,000
Correct Answer: C
Explanation:
In TY 2020, the maximum contribution that a 45-year-old may make into a traditional IRA is $6,000.
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