A(n)__________ is a tax-deferred investment plan that enables a person to save part of his or her income for retirement.
A) IRA
B) PDA
C) AME
D) SSE

Question

Quizplus · Accepted Answer

IRA stands for Individual Retirement Account, which is a tax-deferred investment plan that allows individuals to save part of their income for retirement. It offers tax benefits, including tax-deductible contributions (in some cases), tax-free growth of earnings, and tax-deferred withdrawals during retirement. It is a popular retirement savings option in the US.

A(n)__________ Is a Tax-Deferred Investment Plan That Enables a Person