What is the difference between Roth IRAs and traditional IRAs?
A) Traditional IRAs charge a higher percentage for withdrawing funds before the retirement age than Roth IRAs.
B) Roth IRAs charge a higher percentage for withdrawing funds before the retirement age than traditional IRAs.
C) Roth IRA withdrawals are taxable, while traditional IRA withdrawals are tax-free.
D) Roth IRA contributions are taxable, while traditional IRA contributions are deductible.
E) Roth IRA contributions are deductible, while traditional IRA contributions are taxable.
Correct Answer:
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