All of the following are false regarding the tax consequences of Roth IRAs, EXCEPT:

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All of the following are false regarding the tax consequences of Roth IRAs, EXCEPT:

a. Contributions are tax-deductible.

b. Contributions are made with taxed dollars; however, interest grows tax-free.

c. Once the plan participant reaches age 59 1/2, taxes on distributions may still be imposed.

d. Contributions and interest are tax-free.

Answer: b. Contributions are made with taxed dollars; however, interest grows tax-free.

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