SIE Exam Practice Question 56
Question: 56
What is the amount of the "catch-up" contribution to a traditional or Roth IRA that individuals aged 50 and over may make in 2020?
Correct Answer: B
Explanation:
In TY 2020, the catch-up contribution to a traditional or Roth IRA that individuals aged 50 and over may make is $1,000, bringing the maximum total contribution amount for these individuals up to $7,000.
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