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Fun with Roths - can you ace my quiz?

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  • Fun with Roths - can you ace my quiz?

    You may know how to take out my appendix, but how much do you know about Roth IRAs? Take this quiz and see how you score.

    (Recommend you do not read the "hints" on comments below before testing your knowledge.)
    Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

  • #2
    The answer page is not working.

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    • #3




      The answer page is not working.
      Click to expand...


      Try again, please. I apologize, think it's ok now.
      Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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      • #4
        #2 is very sneaky!

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        • #5
          Thanks for sharing.  That is an informative quiz!

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          • #6
            Well, the good news is I should apparently be the go-to financial guru at work. I even caught the trick questions, but I disagree with your answer for 13. It should just be yes, rather than yes and no. It CAN be converted tax-free, but doesn't mean it necessarily will if you have gains.
            Helping those who wear the white coat get a fair shake on Wall Street since 2011

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            • #7




              Well, the good news is I should apparently be the go-to financial guru at work. I even caught the trick questions, but I disagree with your answer for 13. It should just be yes, rather than yes and no. It CAN be converted tax-free, but doesn’t mean it necessarily will if you have gains.
              Click to expand...


              Shhhhhhhh, don't spoil it for everybody else :-)

              I expected some disagreement, but that's ok. The main purpose of the quiz is to educate. You probably scored better than the CPA side of our offices.
              Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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              • #8
                I was surprised not to see a question about the 5 year rule. I got 12.5 / 13.

                Thank you for putting this together. It's a great learning tool, and physicians are very accustomed to taking tests.

                 

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                • #9
                  Great quiz.. got above average.. but not a guru.  Thanks for sharing!

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                  • #10
                    On #4, I agree that minors can contribute to a Roth, but doesn't it have to be opened as a custodial account for them?

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                    • #11




                      On #4, I agree that minors can contribute to a Roth, but doesn’t it have to be opened as a custodial account for them?
                      Click to expand...


                      Yes, it does.
                      Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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