SIE Exam Practice Question 476
Question: 476
An investor has placed a sum equal to 50% of the annual contribution limit into his traditional IRA. The investor is seeking to maximize his contributions to his retirement savings. Which of the following is correct?
Correct Answer: B
Explanation:
B: The investor may contribute to both a traditional and Roth IRA in the same year. However, the amount contributed to both accounts may not exceed the annual contribution limit.
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