QuestionAugust 1, 2025

Which type of IRA allows for catch-up contributions for individuals aged 50 and older? SEP IRA Roth IRA Traditional IRA SIMPLE IRA

Which type of IRA allows for catch-up contributions for individuals aged 50 and older? SEP IRA Roth IRA Traditional IRA SIMPLE IRA
Which type of IRA allows for catch-up contributions for individuals aged 50 and older?
SEP IRA
Roth IRA
Traditional IRA
SIMPLE IRA

Solution
4.6(271 votes)

Answer

Roth IRA, Traditional IRA Explanation 1. Identify IRA types allowing catch-up contributions Catch-up contributions are allowed for Roth IRA and Traditional IRA for individuals aged 50 and older.

Explanation

1. Identify IRA types allowing catch-up contributions<br /> Catch-up contributions are allowed for Roth IRA and Traditional IRA for individuals aged 50 and older.
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