Roth IRA Word Search Quiz — Test Your Knowledge | FinancePuzzles

Question 1

An individual retirement account funded with after-tax dollars where all qualified withdrawals in retirement are completely tax-free, including all investment growth, with no required minimum distribu

Accepted Answer

ROTH

Question 2

Money deposited into a Roth IRA using after-tax income. For 2024, the maximum annual amount is $7,000 ($8,000 if age 50 or older). These deposits are never tax-deductible, but all future growth and wi

Accepted Answer

CONTRIBUTION

Question 3

The earnings threshold that determines Roth IRA eligibility. For 2024, single filers with modified AGI above $161,000 cannot make a full Roth contribution, with complete phase-out at $176,000. Married

Accepted Answer

INCOME

Question 4

The rules governing when and how money can be taken from a Roth IRA. Contributions can be withdrawn any time without taxes or penalties. Earnings are tax-free only after age 59½ and after the account

Accepted Answer

WITHDRAWAL

Question 5

The process of moving money from a traditional IRA or 401(k) into a Roth IRA. The converted amount becomes taxable income in the conversion year, but all future growth and qualified withdrawals are pe

Accepted Answer

CONVERSION