SIE Exam Question 577: Answer and Explanation

Question: 577

An IRA must be created and funded by __________ of the calendar year following the year in which the contribution applies.

• A. January 1
• B. April 15
• C. June 31
• D. December 31

Correct Answer: B

Explanation:

An IRA must be created and funded by April 15 of the calendar year following the year in which the contribution applies.