In the context of building wealth for retirement, identify a true statement about a traditionalindividual retirement account (IRA).
A. You must pay taxes on the money received from a traditional IRA when you begin making withdrawals.
B. Earnings on the contributions you make to a traditional IRA are tax-free.
C. There is no limit on the amount that you can contribute each year to a traditional IRA.
D. The contributions you make to a traditional IRA are not tax deductible at the time you make them.
Answer: A
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