Self-Directed IRA Alternative Investment Transactional Mastery Quiz 3
0 of 5 questions completed
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You must first complete the following:
0 of 5 questions answered correctly
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
In order to advance to the next Lesson an 80% score or higher is required. If you did not get 80% please review your course materials and adjustments before taking the quiz again.
Question 1 of 5
True or False: If you are able to fully deduct your contribution, you will not have to pay income tax for the amount of that year’s contribution.CorrectIncorrect
Question 2 of 5
The funds inside of your traditional IRA account are allowed to grow on a __________ basis, meaning that any of the gain that takes place in the account will not be taxed until the time of withdrawal.CorrectIncorrect
Question 3 of 5
In the case of a traditional IRA account – provided that all of your contributions go in on a pre-tax basis – _____ of the money that is withdrawn will be taxed at your then-current income tax rate.CorrectIncorrect
Question 4 of 5
Which type of IRA account requires you to take out a minimum amount of contribution each year, once you have turned age 70 1/2?CorrectIncorrect
Question 5 of 5
__________ is a term that is used when a self-directed IRA account holder has complete signing authority over their retirement funds.CorrectIncorrect