In the context of building wealth for retirement, which of the following statements is true of a Rothindividual retirement account (IRA)?
A. The contributions you make to a Roth IRA arenottax deductible at the time you make them.
B. Earnings on the contributions you make to a Roth IRA are taxable.
C. You need to pay taxes on the distributions you receive from a Roth IRA after you retire.
D. There is no limit on the amount that you can contribute each year to a Roth IRA.
Answer: A
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