Retirement & Education Accounts flashcards

33 cards on retirement & education accounts for the SIE exam. Short answers, one fact per card, and a line under each explaining why. Here is what the prompts look like:

• An IRA whose withdrawals are taxed as ordinary income is a ＿＿＿ IRAAnswer inside
• Which IRA is funded with money that has already been taxed?Answer inside
• Which IRA is taxed at withdrawal instead of at contribution: traditional or Roth?Answer inside
• A traditional IRA contribution may or may not be tax ＿＿＿Answer inside
• A qualified Roth withdrawal requires age 59 1/2 and an account open at least ＿＿＿ yearsAnswer inside