Question

What is one of the main differences between a Roth IRA and a traditional IRA? A. They differ in the amount you can contribute at certain ages. B. They differ in the minimum age an individual must be to withdraw money. C. A Roth IRA is offered by banks while a traditional IRA is offered by an employer O D. Contributions are taxed differently. help meee​

Answer 1

D. Contributions are taxed differently

Step-by-step explanation:

Answer 2

D. Contributions are taxed differently.

Step-by-step explanation:

A Roth IRA can be defined as an individual retirement account that avails the holders tax-free growths and tax-free withdrawals based on the satisfaction of certain conditions.

On the other hand, a traditional IRA can be defined as an individual retirement account that avails the holders with direct pre-tax income and make contributions.

One of the main differences between a Roth IRA and a traditional IRA is that, contributions are taxed differently.