SIE practice questionmediumAccount Types – Retirement Account Eligibility
Who is eligible to contribute to a traditional IRA?
- ACorporations
- BIndividuals with only investment income
- CMinors without earned income
- DAny individual with earned income✓ Correct answer
Explanation
Why D — Any individual with earned income
Traditional IRA contributions require earned income (wages, salary, etc.). Investment income and corporations are not eligible sources.
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