Question

An IRA is commonly used as

A- a tax sheltered tool to investment for retirement
B- a taxed investment account
C- a government tax system
D- a savings bond buying website

Answer 1

An IRA is commonly used as a tax sheltered tool to investment for retirement

Choice A

Step-by-step explanation:

An individual retirement account (IRA) is a tax-sheltered investing tool for retirement savings. There are several types of IRAs: we have the traditional IRAs, Roth IRAs, SIMPLE IRAs, and SEP IRAs.