SIE Exam Practice Question 359

Question: 359

Which of the following is a key difference between a Traditional IRA and a Roth IRA?

A. Roth IRAs are not available to everyone with earned income, but Traditional IRAs are.

B. Annual contribution limits are higher in Traditional IRAs

C. A 10% penalty for withdrawals before age 59 ½ exists only in a Traditional IRA, not a Roth IRA

D. The annual contribution deadline is different