What statements regarding roth iras is not correct, Accounting Basics

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What statements regarding roth iras is not correct

Question: Which of the following statements regarding Roth IRAs is NOT correct? Multiple choice question. Roth IRAs are NOT subject to phase-out rules that limit their contribution level. There are NO minimum distribution requirements for Roth IRAs. Taxpayers can withdraw their Roth IRA contributions tax-free anytime without paying a penalty. Taxpayers can continue to contribute to Roth IRAs after reaching the age of 72.

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Accounting Basics: What statements regarding roth iras is not correct

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