which of the following is characteristic of a roth ira? money invested into a roth is \after - tax\ dollars…

which of the following is characteristic of a roth ira? money invested into a roth is \after - tax\ dollars money invested into a roth is \pre - tax\ dollars once money is deposited into a roth ira, it cant be accessed until after retirement your employer is primarily responsible for creating and depositing money into a roth for you. clear all

which of the following is characteristic of a roth ira? money invested into a roth is \after - tax\ dollars money invested into a roth is \pre - tax\ dollars once money is deposited into a roth ira, it cant be accessed until after retirement your employer is primarily responsible for creating and depositing money into a roth for you. clear all

Answer

Brief Explanations:

A Roth IRA is funded with after - tax dollars. Contributions can be withdrawn penalty - free at any time, and qualified distributions (including earnings) are tax - free after age 59 1/2 and the account has been open for 5 years. It's an individual retirement account, not employer - created in most cases.

Answer:

Money invested into a Roth is "after - tax" dollars