What do you know about IRAs?

With this IRA, taxes are paid when funds are invested (contributed), and there is not a requirement for when withdrawal must begin.

_______________ is when no taxes are due until the required time and the payments are held off.

All individual retirement accounts are tax-free.

You can withdraw money from an IRA anytime you want with no financial penalty.

Once you reach age 70 1/2, withdrawals must begin with a ____________ .

IRA contribution limits may increase or remain steady from one calendar year to the next.

As long as there is earned income, you can contribute to this IRA at any age.

An IRA account is related to your employer in the same way a 401(k) is employer-sponsored.