All of the following statements regarding Roth IRAs are true EXCEPT?

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All of the following statements regarding Roth IRAs are true EXCEPT?

A) They limit contributions each year.

B) They mandate distributions no later than age 70 1/2.

C) They provide for tax-free accumulation of funds.

D) They are not available to those in the upper income tax brackets.

Answer: B) They mandate distributions no later than age 70 1/2.

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