Question
Though not a tax dodge, high-income earners who exceed the income limit use so-called “backdoor” examples of these accounts. For 10 points each:
[10m] Name these retirement accounts whose qualified withdrawals are tax-free compared to traditional types. People eligible for these accounts must earn below 146,000 dollars a year.
ANSWER: Roth IRAs [or Roth Individual Retirement Accounts; prompt on IRAs or Roths or individual retirement accounts]
[10h] Starting in 2006, 401(k) plans and these tax-advantaged retirement savings plans could hold Roth IRA contributions. These plans are available for employees of public schools and some nonprofits and charities.
ANSWER: 403(b) plans
[10e] These general funds, into which amounts are set aside for retirement, are often rolled over into Roth IRAs if their lump sum is small. French residents protested a reform bill for these funds that increased the retirement age.
ANSWER: pensions
<NS, Social Science>
Summary
| California | 2025-02-01 | Y | 1 | 10.00 | 0% | 100% | 0% |
| Great Lakes | 2025-02-01 | Y | 2 | 25.00 | 100% | 100% | 50% |
| Lower Mid-Atlantic | 2025-02-01 | Y | 3 | 20.00 | 100% | 100% | 0% |
| Midwest | 2025-02-01 | Y | 3 | 20.00 | 100% | 100% | 0% |
| North | 2025-02-01 | Y | 2 | 20.00 | 100% | 100% | 0% |
| South Central | 2025-02-01 | Y | 1 | 20.00 | 100% | 100% | 0% |
| Southeast | 2025-02-01 | Y | 1 | 10.00 | 100% | 0% | 0% |
| Upper Mid-Atlantic | 2025-02-01 | Y | 4 | 15.00 | 100% | 50% | 0% |