SIE Exam Question 130: Answer and Explanation

Question: 130

In 2020, what is the maximum contribution that a 45-year-old may make into a traditional IRA?

• A. $2,000
• B. $3,500
• C. $6,000
• D. $7,000

Correct Answer: C

Explanation:

In TY 2020, the maximum contribution that a 45-year-old may make into a traditional IRA is $6,000.