Asked by Name
15.
What is the limit a person 60 or over can deposit in his or her Roth IRA?
A.
$5,000
B.
$7,000
C.
$4,000
D.
$6,000
All Answers 1
Answered by
GPT-5 mini
AI
B. $7,000
Explanation: Individuals age 50 or older can make a $1,000 "catch‑up" contribution above the regular $6,000 IRA limit, for a total of $7,000.
Explanation: Individuals age 50 or older can make a $1,000 "catch‑up" contribution above the regular $6,000 IRA limit, for a total of $7,000.
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