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The Roth IRA differs from the regular IRA in that: a. earnings on the account are tax free after five years. b. contributions may exceed $2,000. c. deposits must be in federally-insured accounts. d. funds are only to be used for education expenses.

Whitney Matthews

in Business

1 answer

1 answer

Justin Parker on July 28, 2018

The answer is a. The earnings in the account are tax free after five yearsBut for those five years, the contribution to the Roth IRA is not TAX Deductible, unlike the regular IRA , which is deductible, in the limit, both Roth IRA and regular IRA have their own advantages and disadvantages

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