SIE Exam Question 641: Answer and Explanation

Question: 641

In order to be eligible to make a traditional IRA contribution, an individual must be younger than age __________ by the end of the taxable year.

• A. 59 ½
• B. 65
• C. 70 ½
• D. 71

Correct Answer: C

Explanation:

In order to be eligible to make a traditional IRA contribution, an individual must be younger than age 70 ? by the end of the taxable year.