22. Is the following correct concerning Roth Ira's    A. Contributions made to your Roth ira are made with after tax dollars.   B contribution made to Roth IRA are made with pre-tax dollars.   C. You can withdraw contributions made to your Roth IRA at any time tax and penalty free.

Give typing answer with explanation and conclusion . True or False: A Roth IRA is an employer-sponsored retirement account in which contributions are made with before-tax dollars, and your money grows tax-deferred until you make withdrawals in retirement.

Contributions to a Traditional IRA may be tax-deductible depending on the taxpayer's income, tax - filling status, and other factors. Taxes on eamings are deferred until withdrawals begin, which is usually in retirement. 3. Discuss the role of Social Security benefits in a retirement plan by addressing the following: a. Purpose: describe the difference between FICA and Medicare. Next, indicate how each af these benefits are funded (i.e. emplayee, employer, or bath). b. Eligibility: summarize the eligibility requirements for collecting Social Security. c. Benefit Age: summarize the three ages that people usually collect Social Security. If you were close to the youngest age, would you start collecting as soon as possible, or would you delay? If you would delay, indicate the age you would select and provide your rationale. d. Retirement impact: describe the role that Social Security would play in your retirement plan. Based on the information provided in this module, what percentage of a…

Which of the following statements concerning contributions to traditional IRAS is correct? (A) Contributions may be used to buy life insurance policies. (B) Contributions may be deductible or nondeductible. (C) Contributions may be commingled with a taxpayer's other assets. (D) The maximum contribution is 25 percent of the taxpayer's income.